Dive into our comprehensive guide exploring the differences between tax credits and deductions, how they impact your tax liability, and strategies for maximizing their benefits. Essential reading for individual taxpayers and small business owners.

The standard deduction is a dollar amount set by the IRS that reduces the amount of income that you are taxed on. This dollar amount is determined by taxpayer status, age, and blindness.

Most of us have a charitable heart and are excited to give whenever possible to help others. Have you ever wondered why large corporations give so much of their revenue to charities? Are the CEO’s philanthropists that care more about others? It’s probably not what you think…they get a tax write off and are able to reduce the revenue that the company is taxed and lowering its tax liability.

Anyone can take advantage of this tax saving strategy but it requires more than your giving heart to achieve.

Do you love to work from home? You aren’t alone. 60% of small businesses without staff are run from home, that’s over 19 million small businesses. By working from home and establishing your home as the primary business location you are opening up an additional business deduction to offset some of your personal expenses.

All July the blog is dedicated to unraveling the secrets of tax savings! Today we're diving headfirst into the world of Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). We are looking through the lens of tax savings, because as your trusted tax advisor my primary goal is to help you reduce your tax liability. These financial powerhouses can turbocharge your savings and help you keep more of your hard-earned money in your pocket!

Hiring a tax strategist for payroll tax services offers excellent value for your investment. They provide peace of mind by taking the burden of payroll tax management off your shoulders, freeing up your time to focus on revenue-generating activities. The cost of their services is often outweighed by the potential savings from avoiding penalties, optimizing tax deductions, and gaining access to their expertise.

As a real estate agent, managing your finances and optimizing your tax strategies are vital for maximizing your profitability. While you may have a team of professionals assisting you, one key advisor that can make a significant impact on your financial success is a tax strategist. In this blog post, we will explore why a tax strategist is the best advisor to have on your team and how they can help you navigate the complexities of real estate taxation while minimizing your tax burden.

Welcome to my blog! If you're looking for expert tax advice and guidance, you've come to the right place. I have years of experience helping individuals and businesses with their tax needs, and I’m excited to share our knowledge with you. I started working on the other side of the tax desk creating bills for CO residents that didn’t file their state taxes. The taxing authorities can be intimidating because there is little education for everyday citizens on their tax issues.

As a real estate agent, understanding the tax deductions available to you is essential for optimizing your business's financial health. With summer in full swing, there are specific deductions that can help you save on expenses related to business travel, employing your child, and child care. In this blog post, we will explore the top summer deductions that can benefit real estate agents like you and help you make the most of your business investments.

As a real estate agent, establishing a solid foundation for your business is crucial. One essential step in that process is obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). In this blog post, we will guide you through the process of obtaining an EIN and explain why it is advantageous to use an EIN instead of your Social Security Number (SSN) for conducting your real estate business.

As an enrolled agent I understand how important it is to review credentials prior to hiring a tax professional especially with all of the scammers sprouting from the woodwork claiming to be tax preparers. Here are some important things to consider when choosing an accountant and tax professional.