Have you Considered the Tax Benefits of Cost Segregation Study? Cost Segregation can help speed up your depreciation and save thousands in Income taxes. Cost Segregation can help offset your rental or real estate income using bonus depreciation. Learn Learn how we can use Cost Segregation to help lower your tax burden. What are the…
Opportunity Zones & Tax Benefits
We have compiled valuable information below from credible sources such as Internal Revenue Service and HUD to help you understand Qualified Opportunity Zones & the Tax Benefits associated with them. In this article we will be discussing the following: What is an opportunity Zone? What are Opportunity Zone Tax Benefits? Opportunity Zone Maps for US…
Comprehensive 1099 Guide
Comprehensive 1099 Guide includes Tips & Guidelines for different types of 1099s. Learn more about 1099 filing Requirements & Due Dates by reviewing this Comprehensive 1099 Guide. What is a 1099? What is due date for 1099? What are different types of 1099 forms? Who qualifies to receive a 1099 form? Who are you required…
31 Best Tax Deductions for Truckers, Truck Drivers & Owner Operators
Are you a Trucker looking to Lower your Taxes? Checkout these “31 Tax Deductions for Truckers, Truck Drivers & Owner Operators?” We have prepared income taxes for Truck Drivers and self employed for over 20 years. List of expenses below is best list truck driver tax deductions that we used on daily basis to help…
How to Pay IRS Taxes? (Ultimate Guide!!)
Have you ever wondered How to pay IRS taxes? The IRS offers many payment options where taxpayers can pay right away or arrange payment plan. Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. In Summary you can pay IRS taxes the following ways: Using IRS Website directly from…
The 7 Best Retirement Plans Out There
It’s never too early to start planning for your retirement. You need to make sure that you’re setting money aside to last you about thirty years or more. Below is the list of 7 of the Best Retirement Plans Out there. IRA 401(K) 403(B) Defined Benefit Plan Solo 401(K) Simple IRA Pensions But what…
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…
Year-End Tax Planning Tips
According to The Balance, the average American who was single contributed more than 29% of their earnings in 2019 to taxes? In terms of dollars, this meant that the average person, with the salary of an “average wage earner,” was paying around $18,368. Most of these wage earners probably never took the time to focus…
6 Advantages of Hiring a Bookkeeper for Your Business
Business & Financial Transactions are Accurately Recorded in your bookkeeping software Easier to budget important expenditures Filing Business Taxes is much easier Your records are organized and accurate in an event of an Audit. Cash flow is improved as you can budget better Its easier to Obtain Bank Loans(Financial Statements are always up to date)…
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…
