Share:  According to the IRS, Statistics of Income Division, Publication 1304, January 2024 in the 2021 tax year, 33.73% of returns filed were Married Filing Jointly / Qualifying surviving spouse, 2.43% Married Filing Separately, 13.21% Head of Household and 50.63% Single. In the complex world of tax regulations, couples who elect “Married Filing Jointly” as… Read More

Share:  As April 15th approaches, it’s essential to recognize the importance of filing an income tax return, even if you fall below the income threshold set annually by the IRS. While you may not be legally obligated to file due to income limitations, doing so can yield numerous benefits. There are six reasons why filing… Read More

ADVERTISING DISCLOSURE: Some of the links on this blog post and/or newsletter contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Mastering Tax Season with QuickBooks Online: A guide for New Year Preparation and Business Success Share:  Ergedine Pericles… Read More

ADVERTISING DISCLOSURE: Some of the links on this blog post and/or newsletter contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Share:  The days are flying by, and before you know it, January will roll around, marking the… Read More

ADVERTISING DISCLOSURE: Some of the links on this blog post and/or newsletter contain affiliate links. This means when you click the link and make a purchase, I may earn a commission at no extra cost to you. Thanks. Share:  Receiving an IRS audit letter can be a nerve-wracking experience for any business owner. An IRS… Read More

No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to increase and one of them could land in your mailbox.… Read More

If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on.… Read More

Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise your taxes owed at the… Read More