We all have many questions regarding tax and sometimes it seems like a mystery if we will be paying this year tax or getting back a refund. If you don’t want to be shocked by the tax bill and want to know your tax liability ahead of time so you can budget accordingly, we have…
Search Results for: year end tax planning
Income Tax Brackets for 2022
Income Earned Between Jan 1, 2022 and Dec 31st 2022(Taxes Return due in April 15th 2023) Do you want to Learn how 2022 Federal Income Tax Brackets Apply to your taxes? Do you know Single, Married filing jointly, Married Filing Separately, Head of Household Taxpayers have different tax tables? We have put together different tables…
Benefits of Year Round Tax Planning
Are you sick and tired of over paying income taxes? Have you considered Benefits of Year Round Tax Planning to save taxes? In this article, we will be sharing with you why Tax Planning is important and how doing that year around can help save you thousands of dollars in taxes. What is Tax…
Best Tax Havens in the World
Ever wondered why politicians and corporates own offshore accounts in Bermuda or the Bahamas? Top US companies like Apple, IBM, and Walmart conceal trillions of dollars in best tax havens in the world. Apple has more than $181 billion in offshore accounts. American corporations and individuals seek tax havens to protect their wealth. Corporations believe that lower…
How Long Should I keep my Tax Records?
Are you wondering how long you should keep your tax records? Wondering if you can tossing last year’s returns in the trash? Or maybe you’re just curious about what kind of documents the IRS requires. No matter what your question, this blog post is here to help! We’ll go over everything you need to know…
What is My Filing Status?
you ever wondered “What is My Filing Status?” There are 5 different Filing Status available when you file your personal taxes. Each Status has a set of requirements that must be fulfilled to claim the status. Here are 5 Filing Status that are available for you when you file your personal tax return(1040) Single Married…
Best High Yield ETF
Owning ETFs is a good way of diversifying your investment portfolio without having to pick individual stocks. They are also typically accessible to the individual investor and offer a way to spread the risk across a wide array of holdings. But how do you find the best high yield ETF? Do you stick to broad…
Can You Get a Car Loan While Self-Employed?
Around 16 million workers identify as self-employed here in the United States. Ever since the start of the COVID-19 pandemic, people have been experiencing the unique and wonderful world of remote working. From flexible working hours to being your own boss, there are many benefits to identifying as self-employed. However, there are also many difficulties, such as…
Benefits of Buying a High-Profile Vehicle for Your Business
In 2016, almost 12.5 million large commercial trucks and buses were registered. Within the same timeframe, these heavy-duty vehicles logged over 300 billion vehicle miles combined. When you’re in the market for a new business vehicle, company decision-makers are often faced with a common problem: There are a lot of commercial vehicles out there to choose from. Depending on your…
How to Withdraw Early From a 401(k) (A Must Read!!)
In 2021, the average 401(k) balance was $129,157. While this is an increase from the previous year, it’s in no way enough money for retirement. When viewing the money in your account, it can be tempting to want to withdraw and spend it. However, you should only consider an early withdrawal if it’s absolutely necessary and under specific…