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Utilizing Energy Credits to Power Up Your Tax Savings

Utilizing Energy Credits to Power Up Your Tax Savings

By improving your home to be more energy-efficient, you could score a tax credit of up to $3,200. You’ve got until 2032 to claim that credit for any upgrade you …

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Cómo reportar cuentas bancarias y financieras en el extranjero

Cómo reportar cuentas bancarias y financieras en el extranjero

Las personas en Estados Unidos mantienen cuentas financieras en el extranjero por diversas razones legítimas, como conveniencia y acceso a servicios financieros internacionales. Sin embargo, es crucial cumplir con el …

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What to do if you get audited by IRS

What to do if you get audited by IRS

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by IRS …

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Separating personal and business expenses

Separating personal and business expenses

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be …

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10 Money-Saving Tips for Freelancers

10 Money-Saving Tips for Freelancers

While working at home as a freelancer sounds like the ultimate dream for anyone who tires of the rat race, freelancers still have more than their fair share of financial …

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Strengthening your balance sheet

Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you …

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Tax tips for new business owners

Tax tips for new business owners

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, …

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8 Common Problems New Freelancers Face

8 Common Problems New Freelancers Face

Freelancers in all industries deal with the same problems due to the nature of their work.  Typically, freelancers are solo work-from-home contractors that manage every aspect of their business.  If …

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How to Maximize your Assets before Retirement with Tactical Investing

How to Maximize your Assets before Retirement with Tactical Investing

Risk tolerance, time horizon, and asset allocation – you’ve dealt with these factors for a good part of your life, but now, in the face of retirement, they take on …

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How to set payment terms if you’re a freelancer or contractor

How to set payment terms if you’re a freelancer or contractor

Following up on late or non-paying customers is no freelancer’s favorite task. Which is precisely why you need to set payment terms up front – and in writing – before …

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The three most important financial reports

The three most important financial reports

While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering. Taking the time to regularly review …

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Reasons to consider hiring a financial planner

Reasons to consider hiring a financial planner

For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A financial planner will create a customized, strategic …

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Bookkeeping Basics for Small Business Owners

Bookkeeping Basics for Small Business Owners

On average, small business owners spend 10 hours each week recording, organizing, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier …

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Insights from your Profit and Loss account

Insights from your Profit and Loss account

Most small business people would agree that their Profit and Loss account (now more correctly called a Statement of Financial Performance) is among the easier – if not the easiest …

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Three Ways an Accountant Can Save You Money

Three Ways an Accountant Can Save You Money

Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring …

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Why Bookkeeping is Crucial to Your Success

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current …

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Tax Season Tips for Small Business Owners

Tax Season Tips for Small Business Owners

Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. …

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Tax reform for business owners

Tax reform for business owners

The Tax Cuts and Jos Act of 2017 (TCJA) was enacted with the intention of spurring economic growth and stimulating business investments.  All business owners will see changes in their …

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Child Tax Credit : good news,  bad news

Child Tax Credit : good news, bad news

Families have come accustomed to rely on different credits based on qualifying children to increase their annual tax refunds. The credits were created for that same reason, to help economically …

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10 key changes you should know before you file your 2018 taxes

10 key changes you should know before you file your 2018 taxes

The Tax Cuts and Jobs Act (TCJA) of 2017 brought a lot of changes to the tax law. The tax reform went into effect in 2018. The first tax returns …

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