Most taxpayers would say they want to take every legally permissible step to lower their tax bill. Yet each year taxpayers fail to claim tax credits they are fully eligible to receive. These credits are often attached to behavior or practices that taxpayers are already engaged in. The missing piece is simply an understanding of […]
Every year countless taxpayers overlook money-saving opportunities in the form of tax credits. This provides tax professionals with an opportunity to look like magicians as we whip money-saving strategies out of our proverbial hats in the form of readily available credits that our clients may have never heard about. Taxpayers also may be unaware of
Hidden Gems of the Tax World: Reviewing Tax Credit Basics with Your Clients Read More »
“Don’t leave money on the table.” That could be an axiom for taxpayers everywhere. Yet every year countless taxpayers overlook money-saving opportunities in the form of tax credits. Claiming tax credits is a surprisingly underutilized strategy. Currently, there are over 1200 different tax credits available, and unlike tax deductions, these credits provide a dollar-for-dollar reduction
Tax Credits 101: Finding the Hidden Treasure Chest of Tax Savings Read More »
What would you do for a lower tax bill? The good news is that you may not have to do much. One of the most underutilized tax strategies is to identify and claim tax credits. Many taxpayers may find that they qualify for a tax reduction based on behavior or practices they are already engaged
Tax Credits 102: Exploring Employer-Provided Retirement Plan and Childcare Credits Read More »
By Susan Doktor See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off to college in the blink of an eye. Don’t believe me? Ask one of the millions of parents who came up short-handed when tuition bills were due because they didn’t
A Parent’s Guide to Financial Planning for Higher Education Read More »
By Susan Doktor See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off to college in the blink of an eye. Don’t believe me? Ask one of the millions of parents who came up short-handed when tuition bills were due because they didn’t
A Parent’s Guide to Financial Planning for Higher Education Read More »
We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. So, if lowering your AGI is considered “above the line” deductions, are there then “below the line”
TAX PLANNING 101: Ideas for Reducing Taxable Income and Maximizing Tax Credits Part 2 Read More »
We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. So, if lowering your AGI is considered “above the line” deductions, are there then “below the line”
TAX PLANNING 101: Ideas for Reducing Taxable Income and Maximizing Tax Credits Part 2 Read More »
It’s common practice for businesses to take on debt, but unforeseen occurrences like a recession or a pandemic might make it more challenging to make payments on time. There are many small business owners who are, at the moment, having difficulty paying back their corporate debt. There are other options than falling behind on payments.
Business debt restructuring: How to do it with money saved on taxes Read More »
It’s common practice for businesses to take on debt, but unforeseen occurrences like a recession or a pandemic might make it more challenging to make payments on time. There are many small business owners who are, at the moment, having difficulty paying back their corporate debt. There are other options than falling behind on payments.
Business debt restructuring: How to do it with money saved on taxes Read More »