by Mary Philipps | Nov 27, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
The Best Ways to Lower Taxable IncomeHow to lower taxes is one of the most common financial planning concerns among individuals and business owners. The increased standard deductions under the Tax Cuts and Jobs Act (TCJA) provided tax savings for many (even...
by Mary Philipps | Nov 23, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Child Tax Credit 2022The child tax credit for 2021 is bigger and better than ever. Enhancements made by the American Rescue Plan Act back in March increased the overall credit amount, allowed older children to qualify for the credit, made …Kiplinger Reduce your tax...
by Mary Philipps | Oct 25, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax-Savvy Investment Strategies for Retirement AccountsWhile most people receive Social Security, a secure financial retirement depends on also having significant savings in a retirement account. Typically these savings must last nearly 20 years (assuming the average...
by Mary Philipps | Oct 21, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax Credits for Energy-Efficient Home RenovationsTwo federal income tax credits reward energy-efficient home improvements very differently. Which credit you use depends on the improvements you make. Under federal tax law, new energy-efficient windows and doors...
by Mary Philipps | Sep 19, 2021 | Bookkeeping, Small Business, Taxes, What is Hot
Many Americans have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their 2021 tax return...
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