Here are some tips for improving the cash flow for your business: Accounts receivables: Properly control your accounts receivables and retrieve overdue accounts as quickly as possible. If you are not aggressive with collection, profits are lost. Take
Read MoreTax rules can be complicated but taking some time to know and use them for your benefit can change how much you end up paying (or getting back). Here are some key tax planning concepts to understand and
Read MoreWhen it comes to using a vehicle for business purposes, generally you can deduct the entire cost of operation. Alternatively, you can use the business standard mileage rate, subject to some exceptions. The deduction is calculated by multiplying
Read MoreThe Inflation Reduction Act of 2022 modifies and extends tax credits available to individual homeowners. It does this through two ways which are listed below. Energy Efficient Home Improvement Credit This nonrefundable tax credit is available to individuals
Read MoreThe SECURE 2.0 Act of 2022 (SECURE Act 2.0) was signed into law in December 2022. The SECURE Act 2.0 is designed to expand upon automatic enrollment programs and increasing annual contributions and catch-up limits for retirement plans.
Read MoreAs a parent with young children, you are faced with many rewards and challenges. One of which may be saving for the cost of a college education. The good news, there are two tax-favored options that might be
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