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Be Tax-Scam Savvy

Be Tax-Scam Savvy

Hardworking taxpayers have lost millions of dollars and their personal information to tax scams. It’s a problem that’s not going away. Your best defense is to be vigilant and arm yourself with the latest news. Let’s look at three of the top scams circulating right...

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What’s The Deal With Opportunity Zones?

What’s The Deal With Opportunity Zones?

The Tax Cuts and Jobs Act introduced a new tax-lowering investment tool called Qualified Opportunity Zones (QOZs). Those willing to invest long-term in QOZs receive special tax advantages. But it’s new territory for both investors and developers, and with that new...

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Are You Deducting It?

Are You Deducting It?

Running your own business? Small business deductions can really add up for entrepreneurs. And while many business owners are on top of deductions like meals and entertainment, mileage, and payroll taxes, dozens of other deductions can be overlooked. Don’t forget to...

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Loans Between Loved Ones

Loans Between Loved Ones

Loaning money to family and friends is a tricky business for many reasons. Taxes are among them. Funds received as proceeds of a loan aren’t taxable if the borrower is expected to pay it back. However, the moment some or all of the debt is forgiven (doesn’t need to be...

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Your Three Types Of Taxed Income

Your Three Types Of Taxed Income

Taxes are fickle. One classification misunderstanding and the IRS could blindside you with a tax or tax rate you weren’t expecting. Small business owners are especially vulnerable since their personal and business assets can be uncomfortably intertwined. The key to...

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Home Sweet Home: Office Deductions

Home Sweet Home: Office Deductions

Work from home regularly? Many people do these days. Thanks to technology, an increasing number of executives and business owners find that working from home can be just as productive as heading into the office. You can even get a tax deduction for your home office if...

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