The advance monthly payments of the Child Tax Credit ended in 2021, and the IRS has begun sending out letters to taxpayers who received monthly payments that indicate how much…
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You may have envied the success of self-made millionaires. Have you ever stopped to think that could be you? For some, millionaire status is more than just a dream—it’s a…
As 2021 comes to a close, it’s an ideal time to assess your finances and set goals for the new year. We recommend reviewing your current financial situation, identifying money…
What if we told you that you could invest in a small business and not pay taxes on the gains? Well, your dream can be a reality, provided you make…
While your products or services are the backbone of your business, you’ll struggle to succeed without a solid financial understanding and processes. But that doesn’t mean you’re doomed if you…
The average taxpayer goes searching for a CPA at tax time and often realizes that there are benefits to hiring a CPA firm throughout the year. CPAs provide valuable time…
You’ve heard the expression, “Do what you love and you’ll never work a day in your life.” What happens when what you love to do becomes your work? Many people…
A group of tax deductions and credits have been extended into 2021 and beyond, and qualifying taxpayers may want to start planning now. These tax credits and deductions can really…
Our recent blog addressed many of the tax issues inherent in renting your vacation home on Airbnb, VRBO, or another platform. Which form to file (Schedule C or Schedule E)…
Since the pandemic, vacation rental homes have gained a significant share of the market demand. Vacation rental homes give travelers the convenience and comfort of home-like accommodations, as well as…
