Category Archives: save on taxes

Do a business valuation when you’re ready to sell your company

Well before you’re ready to sell your company, you’ll want to determine its fair market value as a starting point for negotiations. Of course, obtaining a reasonably precise value for your business is often a complicated and time-consuming task. Accurate … Continue reading

Posted in Business, business help, Business Owner, Financial Planning, Investing, investment, IRA, save on taxes, tax advice, tax planning, Tax Return, Uncategorized | Tagged , , | Leave a comment

Five home office deduction mistakes

If you operate a business out of your home, you may be able to deduct a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the … Continue reading

Posted in audit, Business, business help, Business Owner, deductions, Filing Taxes, New Business, Operational Accounting, real estate, record keeping, save on taxes, Tax, tax advice, tax exempt, Tax Fraud, tax planning, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Four tips for building an emergency fund

Planning for emergencies is like buying insurance: you pay into an account and hope you’ll never have to use it. But life happens. Cars break down. Roofs leak. Kids get injured. Having money in the bank to cover those unexpected … Continue reading

Posted in Adjusting, Business, business help, Business Owner, invest, Investing, investment, IRA, real estate, record keeping, save money, save on taxes, saving for retirement, saving money, Tax, tax bill, tax exempt, Tax Fraud, tax planning, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

How much do you need to retire?

Most Americans simply don’t save enough for retirement. Nearly half (45 percent) of working-age households don’t have any retirement assets, according to the National Institute on Retirement Security. Of those working-age households close to retirement (age 55 and older) nearly … Continue reading

Posted in 401 k, Financial Planning, health insurance, invest, Investing, investment, IRA, save on taxes, saving for retirement, tax planning, Uncategorized | Tagged , , | Leave a comment

Don’t underestimate the power of curb appeal

If you want to improve your home’s market value, curb appeal matters. The condition of your front yard, entry area, driveway, and sidewalks will color the impression of everything else a potential buyer sees during a visit. Homes with great … Continue reading

Posted in 1099, Amended Tax Return, deductions, Estate, Filing Taxes, Financial Planning, IRS Articles, real estate, retirement, save money, save on taxes, saving for retirement, saving money, Tax, Tax Return, Uncategorized | Tagged , , | Leave a comment

Five reasons to incorporate your business

Most new businesses start with no thought about legal structure. In the eyes of the IRS, the default structure is a “sole proprietor,” in which your business profits are taxed on your personal tax return. This can serve you well … Continue reading

Posted in Business, deductions, Financial Planning, New Business, Operational Accounting, save money, save on taxes, Tax, tax advice, Tax Return, Uncategorized | Tagged , , , , | Leave a comment

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment