As individuals strive to secure their financial future and minimize their tax liability, retirement planning remains a critical aspect of their financial strategy. One retirement savings...
Posted by Pat Raskob on 10/31/2023
Investing $1,000 may not seem like a significant sum in the world of finance, but it can be a crucial step toward building wealth and achieving your financial goals. The key to successful...
Posted by Taxes Made EZ Inc on 09/30/2023
You may be eligible for the qualified business income deduction if you are a small business owner.The Qualified Business Income (QBI) deduction provides small business owners with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/09/2023
The BEAT (Base Erosion and Anti-Abuse Tax) was enacted in 2017 to discourage U.S. and foreign companies from evading their tax obligations by shifting their profits out of the United...
Posted by Pat Raskob on 12/31/2022
There is no such thing as free money, but dividend reinvestments come pretty close.You will likely see assets classified as dividends in your accounts during your investment journey....
Posted by Taxes Made EZ Inc on 04/09/2022
As a new start-up entrepreneur, deductions can be accommodated. However, deductions are not rigid, they tend to undergo metamorphosis, and a deduction does not even remain forever....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/24/2022
Franchise tax applies to taxes paid by certain companies that wish to do business in certain states. Also called a privileged tax, it gives the company the right to be established...
Posted by Pat Raskob on 08/24/2021
The QBI (qualified business income deduction) allows individuals to deduct up to 20% of business income, REIT dividends, or PTP income from personal income tax returns. Those who are...
Posted by Schneiderman and Friedman on 12/28/2020
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
