As we wade into the 2022 tax season, you don’t want to delay looking for the right tax professional for you and your situation. You also don’t want to select the first preparer you find without doing the necessary research. Preparing for tax season is crucial, especially if you have a tricky tax situation. There…
Category: Finance
Marginal vs Effective Tax Rate: A Comparative Guide
Did you know that the US tax system is a progressive system? This means that the taxes you need to pay is based on your annual income. Marginal and effective tax rates will determine which tax bracket you are in. This article will discuss differences, examples, and tax planning strategies to ensure you have the best…
Section 179 vs. Bonus Depreciation: 7 Things You Should Know
Assets and equipment: what has your company purchased in the past year? Major asset purchases can transform your company operations, but they have another benefit, too: they can lower your taxes. Recording the depreciation expense of an asset using Section 179 or bonus depreciation can make a huge difference in the taxes you pay. Curious…
BMW X6 Tax Write Off 2021-2022 (Ultimate Tax Deduction)
BMW X6 Luxury SUV was BMW’s first Midsize SUV that focuses on people who love the handling of sports car but want a SUV. Some buy X6 for their passion of driving and many buy it to simply save money on their taxes by using the SUV for business purpose. In this article we will…
BMW X7 Tax Write Off 2021-2022 (Ultimate Tax Deduction)
BMW X7 Luxury SUV was BMW’s first Midsize SUV. People who love BMW X7 are die hard fans and wouldn’t replace their X7 with any other vehicle except an updated X7 or another BMW. Some buy this vehicle for their passion and many buy it to simply save money on their taxes. In this article…
BMW X5 Tax Write Off 2021-2022 (Ultimate Tax Deduction Guide)
BMW X5 Luxury SUV was BMW’s first Midsize SUV. People who love BMW X5 are die hard fans and wouldn’t replace their X5 with any other vehicle except an updated X5 or another BMW SUV. Some buy this vehicle for their passion and many buy it to simply save money on their taxes. In this…
Realtor vs. Real Estate Agent (Does One Cost More Than The Other?)
If you’re planning on purchasing or selling a house, there’s a good chance your shopping around for a real estate professional. While realtors, real estate agents, and brokers can all help you navigate the process of a real estate transaction, they aren’t all exactly the same. What’s the difference when you compare a realtor vs….
Bitcoin ETFs Explained: Everything You Need to Know
Just this year, there are more than 300 million people using cryptocurrency around the world. There are also over 18,000 companies that accept cryptocurrency as payment for services. Trading Bitcoin continues to grow in popularity but the process seems complicated to some. If you want to get into crypto without trading the asset outright, you can through…
The Federal Electric Car Credit: What You Need to Know
Driving an electric car could save you thousands of dollars. Thanks to the federal electric car credit, buying an electric car will finally pay off. You’ve been caring for the environment. Now, it’s time to get rewarded. If you haven’t taken advantage of the electric car tax credit yet, keep reading. We’re going to share everything you…
Mortgage Brokers vs. Loan Officers: What’s the Difference?
Are you confused about the difference between mortgage brokers vs. loan officers? It might seem like they both do the same thing, but that’s not the case. Imagine this: you are interested in purchasing a home in the current market, but circumstances look dire. Not only are home prices exorbitant, but inflation is rising as well. You wish…