by Mary Philipps | Aug 11, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
The Inflation Reduction Act and Taxes: What You Should KnowYou’re probably not thinking much about taxes right now, in part because record inflation has you paying sky-high prices for essentials like food, clothing, and gas. But the U.S. Senate on Sunday passed the...
by Mary Philipps | Jun 23, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Don’t Pay Too Much Self-Employment TaxAre you self-employed? If so, it’s important to make sure that you’re not paying too much in self-employment taxes. This type of tax is meant to cover your Social Security and Medicare contributions, but it can be easy to...
by Mary Philipps | May 18, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
How Taxes Impact Your Wealth GapImagine you’re standing on the bank of a river. The bank you’re standing on represents your current financial status, and the opposite bank is the amount of wealth you need for retirement. The river itself is the difference between how...
by Mary Philipps | Apr 1, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Ways to Increase Your After-Tax Investment ReturnsTaxes are a drag. A drag on your investment return, that is. Dividends are taxable, interest income is taxable and capital gains are taxable. Your after-tax investment return – what you keep, not make, on your...
by Mary Philipps | Mar 25, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Why Your Tax Refund Could Be Bigger This YearAt a time when many Americans are paying more for everything from gas to ground beef, tax refunds will provide much-needed cash for many families. And this year, those refunds could be particularly generous. Through the...
by Mary Philipps | Jan 13, 2022 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Earn Side Income? Know This New Tax RuleA new rule by the Internal Revenue Service (IRS) changes the way third party network transactions are reported on Form 1099-K for self-employment income earned in 2022 and beyond. Form 1099-K is used to report...
by Mary Philipps | Dec 31, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Overlooked Tax Deductions for the Self-EmployedThanks to the pandemic and the “Great Resignation,” more people are leaving their traditional jobs and venturing out on their own. Self-employment can lead to more money, flexibility, control, or personal...
by Mary Philipps | Dec 27, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Make Charity Gifts In A Tax-Smart WayA new law governing retirement plans, called the SECURE Act (Setting Every Community Up for Retirement Enhancement), went into effect last year. But there are still a lot of questions people have about the shifts. For help …Forbes...
by Mary Philipps | Dec 2, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax Strategies for a Bonus or WindfallYes, it’s inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages,...
by Mary Philipps | Nov 30, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Beware of the Tax Traps in RetirementMore people are going to retire in the next 15 years than have ever retired in the history of our country. By 2030, the Census Bureau projects we’ll reach the first time that the United States will have more 65-and-older...
Recent Comments