5 Tax Tips for Small Business Owners

5 Tax Tips for Small Business Owners

Tax Efficiency Tips for Small Business Success Track Your Expenses Receipts are like free money when it comes to taxes. Many of the receipts that you acquire over the year are for goods and services that can be deducted on your taxes which offsets taxable income. Of...
Accountant vs. Tax Preparer

Accountant vs. Tax Preparer

Work Effectively with Your Accountant or Tax Preparer You wouldn’t use a hammer to tighten a nut, would you? I also hope you don’t use a screwdriver to brush your teeth. For every task there are several different tools that we could use. Some are better than others,...
Should I Pay Off My Home?

Should I Pay Off My Home?

What Happens If I Pay Off My Home Early? As a tax professional, this question is often asked by my clients. With the passing of the Tax Cuts and Jobs Act of 2017 and the first major overhaul to our tax code since 1986, I thought it might be helpful to take a new look...
Can I Write Off My Medical Deductions?

Can I Write Off My Medical Deductions?

Tax Benefits of Medical Deductions Explained Writing off medical expenses on your tax return is a real thing. There are 2 important questions to medical deductions. One of them is a fairly common and easily asked, “What can I write off?” or “Can I write [XYZ] off as a...