Educating Business Owners about Tax Deductions.

Were you legally married on December 31st? Then by IRS law you must file a "Married" tax return for the entire year. The IRS does not allow for a split year. You file based on your status at 12/31. Married taxpayers in the US can choose to file separately from their...

I have had many conversations with clients over the last week about buying real estate somewhere they would like to retire. Makes sense right? The stock market is topsy turvey right now and rather than have cash sitting idly in a bank account, lets invest! So where to...

Have you tried calling the IRS? I have. The wait can be hours and that is even if you are able to get into the call queue. So if you need information on your prior filings or copies of forms, your best solution is to create an online account at www.irs.gov. Now...

There is huge pressure on big banks to be competitive and remove Overdraft Fees. Capital One and Ally Bank have both elmininated these fees altogether. Chase is giving customers who overdraw their accounts by $50 or less a grace period. Bank of America is cutting...

Hi there friends and colleagues. I wanted to give you a MONEY DAY update on my grocery store plan. Those of you who read last FRidya's post will know that I intended to stop at the grocery store once a day and pick up food only for that day. With limited time, I would...

Business owners are always asking me about how to create competitive benefit packages. What can we offer our team members to keep them and not have them thinking the grass is greener at the competition. Health insurance? 401k Plans? Ulminited vacation? Yes to all of...

I went to the grocery store this week and yes, I see increased prices on some of my favorites. For a change, this is not just media hype. It is true. Inflation is real. Do you see the effects in your life? So back to groceries. Those who know me know I dont like...

Well in an interesting turn of events, the IRS has expanded all sorts of tax credits to people who file their 2021 tax returns. Even though the IRS is 6million returns behind in processing 2020 tax returns, they are inviting more Americans to file for 2021 with...

I meet with my team every Monday to set the tone for our work week ahead. Who is on your team? When I say team, they don't have to be employees. Our team are the people who we work with and who support us. Some of my team are contractors but we are all aligned in...

Every day my email box is full of client concerns as they have not yet received their 2020 tax refunds. Its been months, literally months and no sign of their cash. The IRS website also isnt much help and just shows "in process". So what to do? Well, the only way to...