by David Krausse | Oct 17, 2023 | Uncategorized
I can’t stress enough how important it is for small business owners to consider the structure of their business carefully, especially when the objective is to save money on taxes and protect personal assets. Forming an LLC, or Limited Liability Company, can be a...
by admin | Aug 13, 2023 | Uncategorized
The Earned Income Tax Credit (EITC) is a federal tax benefit in the United States designed to provide financial assistance to low and moderate-income individuals and families. The EITC was introduced in 1975 as a way to incentivize work and reduce poverty. It is one...
by admin | Aug 13, 2023 | Uncategorized
Filing for bankruptcy can be a daunting process, but it’s an option some individuals consider to alleviate overwhelming debts. One of the most common misconceptions about bankruptcy is the notion that it’s impossible to discharge tax debts. The truth,...
by admin | Aug 13, 2023 | Uncategorized
When delving into the world of tax and property, one might come across the term “depreciation recapture.” While it might seem intimidating at first, a comprehensive understanding of this concept can help taxpayers avoid surprises during tax season. This...
by admin | Aug 13, 2023 | Uncategorized
Deducting miles for business purposes is one of the more common tax deductions available to self-employed individuals. The process can be straightforward, but it’s crucial to maintain meticulous records to support your deductions. Here’s a step-by-step...
by admin | Aug 13, 2023 | Uncategorized
When entrepreneurs begin their journey, one of the critical decisions they face is the type of business structure to adopt. While there are various business structures to consider, sole proprietorships and S-corporations (S-corps) are two of the most common. While...
