Time Is Running Out: What to Do Before the April 15 Tax Deadline
April 15 is coming fast, and if you’re still pulling documents together, waiting on a form, or quietly hoping you’ll figure it out in time, you’re not alone. A lot of people find themselves here every year. That doesn’t make it less stressful, but it does mean there are well-worn paths through it. The goal…
Read MoreTax Time Has Arrived! Tips for Getting Ready for Your Tax Appointment
Tax season has a way of sneaking up on people. One day it feels like there’s plenty of time, and the next you’re scrambling to find documents, remember what changed last year, and figure out what you’re even supposed to bring to your appointment. The good news? A little preparation goes a long way. Getting…
Read MoreThe OB3 Bill Explained: How It Could Affect Different Types of Taxpayers
Every few years, a piece of legislation comes along that changes the rules for nearly everyone who files a tax return. The One Big Beautiful Bill Act, commonly referred to as the OB3 or OBBBA, is one of those moments. Signed into law on July 4, 2025, the One Big Beautiful Bill makes many of…
Read MoreThe Pros And Cons Of An Offer In Compromise
For many, the phrase “tax debt” is a daunting and stressful set of words. Paying any sort of debt is stressful, but with tax debt especially, and depending on how much you owe, you can be hounded by the IRS for a long time. It can be extremely difficult to pay off tax debt: you…
Read MoreWhy You Should Hire an Accountant For Your Small Business
There are quite a few good reasons why you should hire an accountant to help with your small business finances. Dealing with your own business’s finances can be a long, tedious, and strenuous task. It can keep your focus away from other important areas of your business which causes decreased revenue. On top of that,…
Read MoreWhy You Should File Your Taxes Early
You’ve heard it before. It’s a piece of advice you’ve heard over and over again, and you still don’t take it into consideration as often as you should: File your taxes early! Sure, the deadline is roughly a couple of months away but that doesn’t mean you should keep procrastinating. There are obvious benefits to…
Read MoreCybersecurity and You
This post was written by Firma IT. They’re the IT and Cybersecurity Firm we use here at the office. They asked if they could create a blog post for our site and newsletter. We thought it was a great idea because one cannot be too careful today with cybersecurity issues. Here’s their blog: Cybersecurity –…
Read MoreReduce Your Taxes By Making Your Spouse Your Business Partner!
Strategy Overview It works like this: You own an existing sole proprietorship or want to start a new business. You and your spouse form a general partnership or limited liability company to manage the business. You and your spouse provide cash or property for your interests in the new business. Your spouse does not participate…
Read MoreRoth Individual Retirement Accounts (IRAs) Conversions
Convert Your Traditional IRA to a Roth IRA If you have an Individual Retirement Account (IRA) established, you are able to convert that “traditional” IRA over to a Roth IRA. If you’re unfamiliar with what an IRA or a Roth IRA is, please feel free to read our previous articles on each retirement investment product.…
Read MoreRoth Individual Retirement Accounts (IRAs)
What Is A Roth IRA? An individual retirement account, commonly known as an IRA, is a trust (think of it as an investment account) created for your retirement. It allows you to withdraw money from it tax-free. In 2019, the contributions limit is $6,000 per taxpayer. You may contribute an additional $1,000 if you are…
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