BLOG
Exploring the Pros and Cons of C Corp and LLC Status
The world of business structures can be complex and overwhelming, with various categories and nomenclature to keep track of. For business owners, it's important to understand the differences among these structures, as they have significant implications for taxes,...
Business Owner’s Guide to Choosing the Right Payroll Software
Small businesses face unique challenges when it comes to managing their payroll. Inaccurate or delayed payments can create serious problems for both employers and employees. That's why it is crucial for small businesses to invest in effective and accurate payroll...
Saving for College? What You Should Know About 529 Plans
If you are a parent saving for college tuition or going back to school to earn another degree, you know that college tuition has skyrocketed over the last few decades. State funding cuts, expanding administrative staffs, and increased construction and facility costs...
The Electric Vehicle Tax Credit: How it Works, Who Qualifies?
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although most of the changes take effect in this year, to qualify for the current credit, vehicles purchased after August 15, 2022, are...
Tax Strategies Checklist
Now’s the time to take advantage of year-end moves to cut your next tax bill—before it’stoo late. Whether you make a charitable donation, fund your retirement account or takeadvantage of helpful tax deductions, implementing these steps now can make a bigdifference at...
Year-End Tax Planning: Ten Outside-of-the-box Tips for Your Business
It may seem early to talk about year-end tax planning, but with only roughly sixty days left in 2022, it’s important to take action now to favorably impact your tax bill this year, and to put yourself in good financial footing for the year ahead. End-of-year taxes are...
The Inflation Reduction Act: What it Means to Your Business
You may have heard that President Biden recently signed the Inflation Reduction Act of 2022, a sweeping piece of legislation that is designed to address some of the significant issues that the U.S. is facing. Some of those issues include the high cost of prescription...
Estimated Quarterly Taxes: What You Need To Know
For most business owners, once September rolls around thoughts turn away from summer vacations to the reality of tax deadlines and IRS requirements. One deadline just weeks away is September 15th, the due date of the prior three months of estimated taxes. At Jeanine...
Claiming Educational Tax Credits: Q&A
Whether you’re a student or a parent, you know that tuition, the fees and the supplies are all skyrocketing. Any relief from paying it all is most welcome. This detailed Q&A will provide you knowledge and insight on some potential credits and deductions you...
The First-Time Homebuyer Tax Credit Explained
Are you familiar with the First-Time Homebuyer Tax Credit? This tax credit, (as of June 2022) is still a bill and has not yet been passed into law. The bill was introduced by lawmakers in 2021 as an IRS tax code, that if it passes, will grant first-time...