Educating Business Owners about Tax Deductions.
No recordkeeping? No tax deductions!
I had a new prospect approach me this week to help him manage his tax strategies. He "feels" he is making a lot of money and is nervous about how much he will owe in taxes. A perfect client for me! I am super excited to roll up my sleeves, jump in and set him on a...
Who are your most PROFITABLE clients? Do you know with CLARITY?
Too often I see business owners chasing a random revenue goal. The most popular by far....$1million, then $3million then $5million. This is great stuff, I applaud having goals and pushing ahead however a critical piece is to understand the underlying profitability of...
Should I buy a house? Now? When is the best time?
How many of you are kept up at night wondering whether now is the right time to buy a house? Yes, I know. I hear this question a lot so you are not alone. The answer is there is no right time to buy a house. Just like there is no right time to get married, get a dog...
Is the IRS coming for you?
For the past decade, the IRS has seen an increase in the number of returns filed paired with a decrease in resources available for examinations particularly for the most complex tax returns of high-income and high-wealth individuals, large corporations, and complex...
Big tax refund coming?
Disaster! Yes, you read that correctly. In my opinion a big tax refund is a disaster. A big refund means that you over paid your taxes during the year so the IRS had your money all year long and you did not. What could you have done with that cash? Paid down debt...
RECOMMENDED Cash Flow Strategy
How do I know what I can afford? I want to hire an assistant but can I afford that? I want to expand my services to another County but can I afford that? Have I set aside enough cash to cover my taxes? THESE are the questions I was faced with both for myself as a...
Tax filing deadline is 12 days away – dont miss the deadline
The tax filing deadline is just 12 days away. Have you reviewed your tax return? Will you be filing on time or going on extension? If you have not yet reviewed your tax return, looked at every number and every check box then NOW is the time to do it. Every year the...
In the market for a new car? Wanting the $7,500 tax credit?
Make sure you read the fine print on this tax credit BEFORE you buy a car! The Internal Revenue Service today issued a proposed regulation related to certain requirements that must be met for the new clean vehicle credit. The Inflation Reduction Act (IRA) allows a...
Learning the REAL DEAL about taxes
There is so much misinformation on the web about income taxes and income tax deductions. My passion and my purpose is to help business owners find the REAL DEAL. I love to guest on podcasts, I blog and I speak on stages across the US. My website is full of free and...
A Tax Bill you Cant Afford to Pay
Don't panic! Don't avoid the balance due. Don't use a credit card to pay taxes. There are several solutions for resolving a tax bill that you dont have the cash to pay in full. Start with a review of your tax return in detail with a professional and make sure that...