Unlocking Tax Savings: Strategies for Self-Employed Individuals
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Erik Kramschuster, CPA/PFS, a Tax Senior Manager with Henssler CPAs & Advisers, and Associate Clay Norman, CFP®, to provide some tax tips for self-employed individuals, touching on self-employment tax and the available deductions those who work for themselves can take.
Common IRS Audit Triggers for Small Businesses: How to Avoid Them
Small business owners, fear not! Understanding IRS audit triggers is the key to staying audit-free. Stay ahead, stay compliant, and ensure your business thrives without the audit anxiety.
Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide
Embracing remote work post-pandemic? Uncover the tax implications that come with the new normal! From the benefits of reduced costs to the complexities of tax nexus, small and medium-sized businesses need to navigate the remote landscape wisely.
IRS Expands Requirement to E- File Information Returns Starting in 2024
Attention, business owners! New IRS regulations set to change the game for information returns filing. Starting 2024, the threshold drops to just 10 returns, impacting businesses previously exempt.
Small Businesses Could Face Borrowing Challenges
In October 2023, over half of small businesses felt the impact, with 20% adjusting hiring decisions. Despite hurdles, aspiring entrepreneurs can explore various financing options. Check out our breakdown!
In the News: Building Wealth and Security: Strategies for Self-Employed Retirement Success
As seen in the Marietta Daily Journal: The rise of self-employed and gig-economy workers has been remarkable post-pandemic! Bill Lako, CFP® explores proven strategies for self-employed individuals to build wealth and secure a prosperous retirement.
Coming Soon – Business Beneficial Ownership Reporting
Starting 2024, reporting beneficial ownership is a must. Navigating the Corporate Transparency Act (CTA) is a huge game-changer in U.S. business regulations aimed at combatting money laundering, tax fraud, and terrorism financing.
2023 Year-End Tax Planning Opportunities Are Here
Before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022—2023 and 2023—2024.
Taxes and Holiday Gift Giving
The holiday season is customarily a time of giving gifts, whether to your favorite charity, family members or others. Some gifts even provide a variety of tax benefits.
Tax Deductions for Content Creators: The Wild Side of Write-Offs
Is your parakeet internet famous? Is bird seed a tax deduction? Content creators must meet highly specific requirements to legally take some of these tax deductions.