Financial

How to Prepare for Your Year-End Financial Review: A Guide for Small Businesses

A year-end financial review isn't just a box to check—it’s a crucial opportunity to assess your profit and loss, evaluate growth potential, and ensure your business is on track for continued success. Whether you're looking to maximize tax savings or streamline operations, being organized and prepared will save you time and set the stage for smoother cash flow.
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How the 2025 Social Security Adjustments Will Impact Your Wallet cover

How the 2025 Social Security Adjustments Will Impact Your Wallet

As we step into 2025, millions of Americans are set to experience a notable change in their Social Security benefits. The Social Security Administration (SSA) has announced a 2.5 percent cost-of-living adjustment (COLA) for Social Security benefits and Supplemental Security Income (SSI) payments.
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withholding

Avoid the Trap: Smart Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are assessed by the Internal Revenue Service (IRS) when taxpayers fail to pay enough of their tax liability through withholding or estimated tax payments throughout the tax year.
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Converting a Home into a Rental? Here’s What You Should Know. cover

Converting a Home into a Rental? Here’s What You Should Know.

More homeowners are converting their existing homes into rentals after buying new homes. But, converting a home into a rental raises important tax issues.
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Tax Breaks

Healthcare Systems and Controversial Tax Breaks: Everything You Need to Know

Just about everyone has an opinion on the healthcare system in the United States. What many Americans don’t realize, however, is that there’s another tangential battle going on when it comes to healthcare facilities themselves.
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IRS audit

Understanding the Types of IRS Audits: Why Professional Help is Essential

Dealing with the IRS can be a daunting experience, especially when you receive an audit notice. Understanding the different types of IRS audits and what each entails can help you navigate the process more effectively. However, it's crucial to recognize that handling an audit is not a DIY task. Professional assistance can make a significant difference in the outcome.
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deductions

Unlock Hidden Savings: A Guide to Maximizing Tax Deductions for Small Business Owners

As a small business owner, one of your primary goals should be to maximize your business tax deductions to minimize your liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business.
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Long Term Care

Should Employers Offer Long-Term Care Insurance as a Fringe Benefit?

Employers have a wide array of fringe benefits they can offer employees. One to carefully consider is long-term care insurance.
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