New tax laws can bring about major changes for most Americans, with different tax credits, rates and exemptions making an impact on your overall bottom line. The tax changes introduced by the Inflation Reduction Act, which passed the Senate in August 2022, represent one such example. Of course, the act has been promoted mostly as … Read more
You became a doctor so you could help people but, honestly, the money doesn’t hurt either — until tax time. As someone who makes a good living, you’re also someone who can acquire a hefty amount of tax liability throughout the year. Fortunately, there are many things you can do to reduce that liability, giving … Read more
People who own small businesses often juggle many different jobs, but the role of accountant is rarely a favorite. We won’t lie: business taxes can be daunting and get a bit complicated. Things do get a lot easier, however, once you understand a few basics. Here’s a plain English breakdown of the business tax basics … Read more
It’s a parents job to support their children, and doing so isn’t cheap. In 2015, the U.S. Department of Agriculture reported that raising a child to the age of 17 costs about $233,000. This figure doesn’t take college tuition into account. Fortunately, the IRS understands that children are amazing but expensive creatures. To help offset … Read more
