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Understanding Your Potential Write-Offs

If you are like most small business owners, you might be in the dark regarding the taxes you have to pay and the ones that you don't. Write offs and tax codes can be difficult to understand, which is why it is so crucial to work with the right accountants. When I started working with an accountant, it was amazing to see the difference that it made. Overnight, my books made more sense and my accounts were simple to figure out. This blog is all about understanding your potential write offs, and avoiding issues with tax liabilities, mistakes, and audits.

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The Best Time To Plan Your Estate

Posted on 26 October 2021

Many people are certain that they need to make an estate plan but procrastinate doing so. They may think they have plenty of time to do that later. Getting a comprehensive plan in place, though, means you and your family are covered for several issues with death being only one of them. Read on to find out more. It would be wrong to declare that only older individuals need an estate plan. [Read More]

3 Key Reasons Why Businesses Need To Invest In Tax Planning

Posted on 9 September 2021

Operating a business needs commitment, skill, and passion. It also requires planning and proper organization. If you want your business to succeed, you have to plan your sales, marketing, and taxes. Unfortunately, some business owners don't plan for their taxes, leading to several problems that affect their business's bottom line. Read on to know why it's crucial to invest in tax planning.  1. To Avoid Overspending If your business doesn't have a tax plan, the chances are that you're spending more on taxes. [Read More]

Situations That May Warrant Hiring A Tax Advisor For Your Small Business

Posted on 27 July 2021

Tax advisors are financial experts that help individuals and businesses save money on their tax obligations while remaining compliant with the relevant tax legislation. If you've started a small company, you might be wondering if it makes sense to enlist the services of a tax advisor. After all, hiring one costs money and you don't want to waste any of it. There are numerous situations when hiring a tax advisor for your small business can be a sound financial decision. [Read More]

4 Ways to Get Ready For 2021 Tax Returns

Posted on 4 June 2021

It is never too early to start thinking about your taxes. However, thinking about your taxes in the middle of the year will ensure that you take smart steps to reduce your tax bill throughout the year. Donate to Charity New rules remain in place so that you can donate up to $300 per person to charity and deduct it from your taxes, even if you take the standard deduction. This new rule is in place to encourage more individuals to make small donations to charity, which can really add up. [Read More]