More than a third of Americans believe they will never have enough money to retire. Even worse, more than 40% say their ability to be financially secure in retirement will “take a miracle.” These staggering and frightening numbers show how important it is to use the financial tools available to save for retirement, starting at an early age. A…
Category: Taxes
How an HSA (Health Savings Account) Affects Your Taxes(Ultimate Guide)
Imagine getting in a car accident and needing emergency surgery. Your insurance plan covers some of the cost, but you have to put the rest of it on a credit card, and it will take years to pay off the balance. Learn How an HSA affects your Taxes If you want to avoid such a…
How To Buy Real Estate With an IRA (Ultimate Guide)
Nearly 65% of Americans are homeowners, and far fewer own real estate investments. Yet, real estate as an investment is typically stable and can help you diversify your portfolio. Plus, there are ways to invest in real estate without taking out a mortgage. Using your IRA to invest in real estate is one way. In this article,…
Tax-Sheltered Annuity: How Are Annuities Taxed?
How prepared are you for retirement? With people living longer thanks to modern medicine, saving up enough money for your golden years can seem frightening. In this article, you’ll learn about the Tax Sheltered Annuity & How are Annuities Taxed? Let’s dive in. If you already have retirement accounts, that’s a step in the right…
Is Group Term Life Insurance Taxable? (Ultimate Guide)
Does your employer provide group term life insurance? If so, it’s usually a good idea to accept and even add to this insurance policy. But in doing so, Did you ever wonder ” Is Group Term Life Insurance Taxable?” Let’s dive in to learn everything you need to know about paying taxes on your group term…
IRS Penalties: What Happens If You Miss the Tax Deadline?
Do you know when Tax Day is? Its important to know the key tax filing dates. Typically Taxes are due on April 15th and Oct 15th if you take an extension. Do you know What Happens if You Miss the Tax Deadline? Keep reading to learn everything you need to know about penalties related to…
GMC Acadia Tax Write Off 2021-2022(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using a GMC Acadia? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum(100%) GMC Acadia…
Chevy Silverado Tax Write Off 2021-2022(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using a Chevy Silverado(1500 or 3500HD)? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum(100%)…
Depreciation vs. Amortization: An Overview of Depreciation and Taxes
Did you know that there are 31.7 million small business owners in the US alone? The goal of a healthy business is to grow its income & assets while minimizing taxes. But in order to calculate the accurate value of our tangible and intangible assets for taxes, we need to understand depreciation vs. amortization and how…
Corporate Tax Rate in California (Ultimate Guide)
Running a business in California can be very exciting, especially in the beautiful major cities of San Francisco and Los Angeles. Who wouldn’t want to own a business there? Of course, before you start your own business, there are a few tax rates that you should be aware of, especially the corporate tax rate in…