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How Your Business Structure Affects Your Taxes

There are many decisions you need to make when starting a business. One such decision is deciding the business structure for your business. To select the right structure, you must understand what it is and how it can benefit your business. A business structure is a...

Working for yourself can makes taxes even more complicated

Are you putting enough money aside to pay taxes for your side gig or small business at the end of the year? If you are starting a business, you might not be thinking about taxes due at the end of the year. Postponing tax planning is a common mistake entrepreneurs and...

The One Thing You Should Do to Boost Your Business

Remember when a public phone was the way to make a phone call outside of your home or office? Now you text, call, video chat from anywhere with your smartphone. How about when you went to Blockbuster to rent a movie? Options like Netflix, Hulu, Apple TV, etc. allow us...

Cómo la estructura de su negocio afecta sus impuestos

Hay muchas decisiones que debe tomar al iniciar un negocio. Una de esas decisiones es decidir la estructura legal para su negocio. Para seleccionar la estructura correcta, debe comprender qué es y cómo puede beneficiar a su empresa. Una estructura empresarial es una...

Consider This Before You Start a Business

Starting a business is the biggest roller coaster you will ever ride. There are more downs than ups, and the ups never last long. In the show Mad Men, Bert Cooper tells Don Draper when they re-launch their ad agency, "You're going to need a stronger stomach if you're...

Taxes are simple

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Recent Posts

How did your uncle really become a tax “pro”?

How did your uncle really become a tax “pro”?

Ever wonder how your uncle became a tax pro? He went to the IRS website, got a tax preparer ID number, and purchased a tax software. Did you notice that required education was not listed? That was no mistake. The IRS does not mandate any education requirements,...

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How You Lost the $4,050 Personal Exemption

How You Lost the $4,050 Personal Exemption

One of the goals of the Tax Cuts and Jobs Act bill was to simplify taxes. In an effort to simplify taxes, the per person exemption was eliminated. This exemption previously allowed you to claim $4,050 per person in your tax household and exclude that amount from your...

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Are you still on the hook to have health insurance?

Are you still on the hook to have health insurance?

With the implementation of the Tax Cuts and Jobs Act bill, there were some important changes to the Affordable Care Act, or what you may refer to as ObamaCare. The biggest misconception of the new tax law is that the mandate to have health insurance was eliminated...

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