Approximately 50% of all Gen Z respondents to one survey, engaged in freelance work of some kind. Bookkeeping and taxes present significant challenges to those choosing to go down this path.
Retirement might seem worry-free, but there can be challenges when managing their income, and how taxes affect them, including how taxes affect to Social Security and Medicare and when to tap taxable and tax-advantaged accounts.
As a business owner, you probably dread the paperwork. However, up-to-date records can help shed more visibility into the parts of your business that are working and, more importantly, which ones aren’t.
As a reminder, April 18, 2023 is the due date to either file a return and pay the taxes owed or file for an automatic extension—but remember, you still must pay an estimate of the taxes owed!
Even if you have someone prepare your tax return for you, you should still understand the basic terms and concepts related to tax terminology. We define the key terms and answer some of the frequently asked questions!
Taxes can take a big bite out of your total investment returns, so it’s helpful to look for tax-advantaged strategies when building a portfolio. But keep in mind that investment decisions shouldn’t be driven solely by tax considerations; other factors to consider include the potential risk, the expected rate of return, and the quality of the investment.
Many taxpayers don’t feel the need to keep home improvement records, but you could miss out on the exclusion for home gains if you don’t.
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you’re in this situation, we provide details on three federal tax benefits that might help put a few more dollars back in your pocket.
Attention Business Owners: Before trying to claim the Employee Retention Credit (ERC), the IRS urges you to carefully review the guidelines to prevent ineligible people from filing for the credit.
Did you receive a special payment from your state in 2022? Do you know if you’ll be taxed on that payment? The IRS has determined the federal income tax status, and we have the details.
