Planning for retirement is a crucial aspect of financial well-being, and the Internal Revenue Service (IRS) offers various tax-advantaged strategies to help individuals save and invest...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/27/2023
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
If you're a savvy entrepreneur or a small business owner running two businesses simultaneously, you're likely looking for ways to maximize your tax deductions. Fortunately,...
As an independent contractor, you enjoy the freedom and flexibility of working for yourself. However, it also means taking on additional responsibilities, including tax management....
Posted by Rosovich & Associates, Inc. on 07/01/2023
As a freelancer or self-employed individual, taking advantage of every tax deduction available to you is important. Deductions help lower your taxable income and save you money on...
Posted by Taxes Made EZ Inc on 03/14/2023
While tax season 2022 might be a few months away, the new year will be here before you know it. The fourth quarter is the time to do proactive tax planning to lower the 2021 tax bill....
A 401(k) plan can be an attractive way to invest because it gives employees the ability to increase their contributions before tax and tax-deferred income until retirement. According...
As the end of the year approaches, it's essential for small business owners to start thinking about tax planning. Strategic tax planning can help you reduce your tax liability...
Posted by True Tax Service on 10/02/2023
The grantor, which can also be called the creator, settlor, trust maker, or trustor, is the party who forms the trust. For married couples, if the trust was established jointly, they...