January 7, 2021

Using Tax Brackets to Reduce Your Effective Tax Rate

Because tax season is just around the corner, many business owners and financial professionals have begun to turn their attention to lowering tax liabilities for themselves and their clients. One of the ways that can be done is by strategically using the brackets of the progressive tax system. At this point, you may be wondering how that works. Well, today’s entry is all about using tax brackets to lower your effective tax rate!
January 5, 2021

How to Calculate Your Effective Tax Rate

It’s everybody’s favorite time of year again! That’s right, it’s tax season. Because of that, there’s no better time to bring up today’s topic. Understanding how to calculate your effective tax rate is an essential skill that all business owners should have. With that, let’s get to the topic at hand.
December 20, 2020

20 Ways to Reduce Your Taxes: A Financially Simple List

Christmas is almost here and, for financial planners and tax advisors, that means it’s time to turn our attention to tax season. I know, not the most festive subject, but it is something we all must deal with. So, why not make the best of it by discussing ways to lower your tax liability? Yeah, I thought that might pique your interest a bit. Join me as I reveal 20 ways to reduce your taxes!
December 16, 2020

Tax Power Plays for the End of the Year

Tax season is just around the corner and there’s little time left to make moves that will mitigate your tax bill for 2020. I recently sat down with a good friend of mine to discuss these end of the year tax power plays. Chris Mahan, owner of Mahan & Associates is a wizard when it comes to breaking down and taking advantage of the Internal Revenue Code (IRC). That’s why I thought of him when I began researching this subject. So, join me as I breakdown what I learned from Chris!
May 16, 2019
tips for disaster preparedness

IRS Offers Tips for Disaster Preparedness

Preparing for tornados, hurricanes, and other natural disasters, before disaster strikes, can reduce stress when it comes time to file claims or rebuild after the catastrophic event.
March 26, 2019
Tax Tip Tuesday Financial Blog Post

Estimated Tax Payments for Business Owners

As a small business owner, you should be paying quarterly estimated tax payments. However, with the Tax Cuts and Jobs Act, you may want to revisit those amounts this year. By checking what you are paying now, you may avoid an unexpected year-end tax bill next year and a possible penalty in the future.