5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season
Do you feel that you pay too much in tax? You’re not alone. The General Accounting Office estimates that Americans over-pay their taxes by almost
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Recent blogs
The Inventory Loophole: Using the NIMS Method
When you hear about the Tax Cuts and Jobs Act (TCJA), typically people are speculating about the future of the tax laws that expire this
Why Structure Your Business as a Partnership? Understanding the Tax Benefits of Special Allocations
When you are starting a new business or attempting to reduce the tax bill for your existing business, how do you decide which entity type
Why Structure Your Business as a Partnership? Exploring the Tax Benefits of Partnerships
Partnerships are a commonly misunderstood business structure. Because they are perceived as complicated—and sometimes they can be—many entrepreneurs shy away from this entity type and
How to Spot a Tax Scam: What We Can Learn From the Tribal Tax Credit Scheme
When it comes to tax savings opportunities, when is something that sounds too good to be true actually too good to be true? Many taxpayers
How to Spot a Tax Scam: Tax Avoidance vs. Tax Evasion
Tax avoidance versus tax evasion: can you name the difference? The distinction is absolutely essential and can mean the difference between tax savings and jail
The Qualified Plan Tax-Free Triple Play: Maximizing Health Care Savings with 401(h) Plans
Medical expenses can become a financial burden the further along you get in years. AARP estimates that if you are in your fifties today, you
Understanding the World of Health Care Reimbursements: The Tax Benefits of HRAs
Rising health care costs are becoming a financial obstacle for many retirees. The Fidelity Retiree Health Care Cost Estimate found that the average 65-year-old retiree
IRS Audits 101: Could it Happen to You and How to Prepare
An IRS audit can happen to anyone—but this is not an invitation to panic. With enough advance preparation, you can sail through an audit with
The Best Audit Defense? Good Documentation
Just the mention of the word “audit” can strike fear into a taxpayer’s heart—but with enough preparation, an audit does not have to be a
Help, I’m Being Audited! 3 Reasons You’ll Want a Tax Planner in Your Corner When Facing an Audit
Tax audits are, unfortunately, a possibility that every taxpayer should be prepared for. Even if you’ve crossed your t’s and dotted your i’s, the IRS
