Tips for Safeguarding Critical Documents
So many of the documents we all use in our personal lives these days are digital. However, there are still many that you should retain as hard copies. These include …
Blog
Plan for Health Savings Accounts in 2024
The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). The benefits of HSAs include: contributions are made on a pre-tax basis; funds can be withdrawn …
An “innocent spouse” may be able to escape tax liability.
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. That means the …
Which business website costs are deductible?
Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally apply to the deductibility of …
Boost Your Business’s Bottom Line: Tax Saving Strategies for Business Owners
As a business owner, maximizing your tax deductions and implementing effective tax-saving strategies can significantly impact your bottom line. With the complexities of business taxation, it is essential to stay …