Now is a good time to assess your current situation and address those lingering tax moves that may improve your tax picture for 2019. Here are five things to consider: 1. Check on your withholdings. Review your taxable income and the amount of tax you’ve paid to Uncle Sam so far this year. How do the […]
Read MoreThe Bottom Line
Our Blog
Do you want the latest news delivered straight to your inbox? If you answered yes, simply sign up below to join the rest of our subscribers who receive our monthly newsletter with tax tips, news, reminders, and more, all aimed to help you stay on track and keep more of your hard-earned money.
Leveraging Gift Rules to Your Advantage
As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating a tax problem. The rules You may give up to $15,000 to any individual (donee) in 2019 and avoid any […]
Read MoreMore Tax Liability as a Business…is it Always Bad?
“You can’t look rich to the bank and poor to the IRS at the same time” – Kevin Wrobel Everybody wants advice on how to pay less taxes. That is good advice; however, if you desire to obtain a loan or sell your business for maximum value, you don’t want your company to look like […]
Read MoreThe True Cost of Doing Your Own Tax Returns
Doing your own tax return can save you the preparation fee of a few hundred dollars for an individual tax return. However, if you do them incorrectly, you could cost yourself thousands of dollars. If you file an incorrect tax return, you can be in for some major trouble and expense, you can pay more […]
Read MoreThe Importance of Payroll
Kevin meets with at least fifty new business owners each year. He tries really hard not to get up on a soapbox about his personal opinions; however, there is one story he tells nearly every single client who is about to open their own business. Several years ago, we had a client who was struggling […]
Read MoreIs Your Hobby a Business?
With the holidays having passed, we would like to bring up the topic of hobbies and businesses. Do you have a passion for something which you are particularly talented at? Perhaps you made candles or other homemade gifts for your loved ones during the holidays. Have you ever sold or given away any of the […]
Read More
