Making more money does not always have to mean paying more taxes, but you do need a plan, and more than just a prediction. Whether you are an individual or a business owner, don’t wait till yearend like most folks, when it is generally too late to do much, focus on what you can do
8 MID-YEAR CHECKUP TIPS FOR YOUR MEDICAL OR HEALTHCARE PRACTICE
Spending a little time on mid-year planning will make for a smoother and more successful 2022! Doctors, dentists, surgeons, and other medical practitioners should take a hard look at the last 6 months, and see how close they have come to their operational and financial goals. It may be time to reevaluate and refocus on
Build Back Better Bill Sets Bar High for Millionaires Tax
Looks like affluent investors can relax over the holidays after all! Many of them are off the hook from the tax hikes embedded in the Biden administration’s $1.8 trillion “Build Back Better” Act. Almost 4.5 million folks making between $369,300 and $884,900 will actually pay $4,340 less in federal tax in 2022 under the tax
Expanded Charitable Tax Benefits for Individuals and Business Thru 2021
It feels good to be charitable, and even better to reap the tax benefits. Most of us have a lot to be thankful for every day, we don’t need the Thanksgiving holiday to remind us. Many, however, are not as fortunate. If you can spare it, consider giving to approved charities that can help out
Enhanced Charitable Tax Breaks For 2021
The Consolidated Appropriations Act, 2021, ushered in 2 new tax changes that will boost donors’ tax deductions for charitable giving this year. But while folks can give more to charity at a lower net cost, penalties have also increased for overstating the value of charitable gifts. The first change is an above-the-line tax deduction for