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Avoiding surprises as a business owner is crucial to ensure you have a successful business. The same goes for managing your personal finances. By subscribing to our blog and newsletter you get the latest updates on the world of finance and taxes. Additionally, by visiting our main topic categories below you can educate yourself on the various topics regarding tax education, personal finance, and business ownership. 

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Business Tax Provisions: The Year in Review

Posted by Missy Dennis on Dec 15, 2020 8:10:00 AM

Here's what business owners need to know about tax changes for 2020.

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Topics: Business Ownership, Taxes, Tax Credit, Small Business, Tax Return, Tax Preparation, Business Expenses

Individual Taxpayers: Recap for 2020

Posted by Missy Dennis on Dec 9, 2020 8:15:00 AM

As we close out the year and get ready for tax season, here's what individuals and families need to know about tax provisions for 2020.

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Topics: Taxable Income, Personal Finance, Taxes, Tax Deduction, Tax Return, Tax Planning

Investing in Opportunity Zones: The Facts

Posted by Missy Dennis on Nov 24, 2020 8:11:00 AM

The Tax Cuts and Jobs Act included numerous changes for businesses and individuals. One of these was the creation of the Opportunity Zones tax incentive, the purpose of which is to spur economic development and job creation in distressed communities by providing tax benefits to investors.

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Topics: Business Ownership, Taxes, Tax Return, Tax Planning

Year-End Tax Planning Strategies for Business Owners

Posted by Missy Dennis on Nov 18, 2020 8:09:00 AM

Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let's take a look:

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Topics: Business Ownership, Taxes, Small Business, Tax Planning

Individual Taxpayers: Year-End Tax Planning Strategies

Posted by Missy Dennis on Nov 10, 2020 8:08:00 AM

With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies you can use to minimize your tax burden for 2020.

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Topics: Taxable Income, Taxes, Managing Your Tax Liability, Tax Return, Tax Planning

Tax Preparation vs. Tax Planning

Posted by Scott Farnes on Nov 4, 2020 8:31:00 AM

Many people assume tax planning is the same as tax preparation, but the two are quite different. Let's take a closer look:

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Topics: Taxable Income, Business Ownership, Personal Finance, Taxes, Record Keeping, Managing Your Tax Liability, Tax Return, Tax Planning, Tax Preparation

Choosing a Retirement Destination: Tax Considerations

Posted by Scott Farnes on Oct 27, 2020 8:07:00 AM

With health care, housing, food, and transportation costs increasing every year, many retirees on fixed incomes wonder how they can stretch their dollars even further. One solution is to move to another state where income taxes are lower than the one in which they currently reside.

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Topics: Taxable Income, Personal Finance, Taxes, Retirement, Tax Planning, Financial Success

Tax Treatment of Virtual Currency Transactions

Posted by Missy Dennis on Oct 21, 2020 8:03:00 AM

Whether you've invested in Bitcoin and sold it at a profit or loss or received it for services performed, you'll need to report it on your tax return. Here's what you should know:

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Topics: Taxable Income, Personal Finance, Taxes

Taking Early Withdrawals From Retirement Accounts

Posted by Scott Farnes on Oct 14, 2020 8:31:00 AM

While taking money out of a retirement fund before age 59 1/2 is usually not recommended, in certain cases, it may be unavoidable, especially during times of economic crisis. If you need cash and have a retirement fund you can tap, here's what you need to know.

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Topics: Personal Finance, Taxes, Retirement, Social Security

Six Tips for Starting Your Own Business

Posted by Missy Dennis on Oct 8, 2020 8:21:00 AM

Starting your own business can be an exciting prospect, but there is more to it than simply writing a business plan. Also, if you expect to have employees, there are a variety of federal and state forms and applications that you need to complete to get your business up and running. That's where a tax professional can help. With this in mind, let's take a look at what you need to know before you start a new business.

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Topics: Business Ownership, Small Business, Financial Success