by Mark | Jun 14, 2021 | Business, Business Advisory, Tax Deductions, tax planning
What to know about the Capital Gains Tax Plan. President Biden’s election campaign ran on a promise to increase taxes on wealthy Americans and corporations. As part of the American Families Plan, the Biden administration has proposed substantial overall tax increases...
by Mark | Mar 27, 2021 | Business, Business Advisory, Tax Deductions
2020 Tax Return Checklist for Business and Personal Tax Deductions Tax season can be a stressful time for small business owners and individuals. Unlike other tax years, the 2020 COVID-19 crisis led to several tax changes such as unemployment benefits and P.P.P. loans....
by Mark | Mar 5, 2021 | Business Advisory, Tax Deductions
5 Tips on How to Reduce Tax Liabilities Knowing how to reduce tax liabilities is one of the key factors to help your business remain successful and avoid brushing shoulders with the IRS. After all, no business would want to pay more than they have to. Then again,...
by Mark | Feb 23, 2021 | Business, Business Advisory, Tax Deductions
Tax reform is inevitable. Tax code changes happen every year, but 2021 is a bit different. Besides the usual minor changes that happen every year, the economic effects of the coronavirus pandemic are bound to affect your tax season. 2021 Tax Code Changes Every year,...
by Mark | Jan 29, 2021 | Business, Business Advisory, Tax Deductions
Here’s how your business can avoid an audit from the IRS during tax season. Let’s face it, the thought of being audited by the IRS fills everyone with anxiety. Audits will cost your business time and money. Besides, it’s an exercise no small business owner...
by Mark | Dec 18, 2020 | client, Tax Deductions
End of Year Tax Checklist For business owners in Florida, the financial year’s end means handling all business finance operations, from tax and business planning to the organization of paperwork and financial records. Due to a list of urgent responsibilities,...
