Top Tax Deductions for Small Business Owners in 2024
As a small business owner, every dollar counts. Maximizing tax deductions can significantly reduce your taxable income and keep more...
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Alex Jaacovi
Nov 42 min read
Are Your Taxes Going Up in 2026?
The Trump tax cuts, formally known as the Tax Cuts and Jobs Act (TCJA), were enacted in December 2017, significantly altering the...
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Alex Jaacovi
Sep 83 min read
Benefits of a HSA
A Health Savings Account (HSA) is a type of personal savings account designed to help individuals save and pay for qualified medical...
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Alex Jaacovi
Jun 133 min read
Navigating the Tax Consequences of Divorce
Divorce is a significant life event that comes with various emotional and logistical challenges. One often overlooked aspect is the tax...
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Alex Jaacovi
May 22 min read
Where's My Refund?
As tax season rolls around, many taxpayers eagerly await their refunds, anticipating the financial relief they bring. However, the...
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Alex Jaacovi
Jan 162 min read
Understanding the Home Office Deduction
The home office deduction is a tax benefit that allows individuals who use a portion of their home exclusively for business purposes to...
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Alex Jaacovi
Dec 3, 20232 min read
Why Your Investment Property Shouldn't be Held by a Corporation.
Real estate transactions involving corporations can have significant tax implications, and understanding the concept of taxable events is...
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Alex Jaacovi
Nov 25, 20233 min read
End of the Year Tax Strategies
As the year draws to a close, it's not only a time for festive celebrations but also a crucial period for strategic financial planning....
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Alex Jaacovi
Nov 11, 20232 min read
Why Good Record Keeping Matters
For small business owners, managing finances can be a complex and challenging task. One key aspect that often gets overlooked in the...
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Alex Jaacovi
Oct 8, 20233 min read
Traditional IRA vs Roth IRA
Individual Retirement Accounts (IRAs) are popular vehicles for saving for retirement, offering various tax advantages and investment...
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Alex Jaacovi
Sep 16, 20233 min read
Why your Accountant Should do your Bookkeeping
In the intricate world of business finance, bookkeeping stands as a cornerstone process. It involves meticulously recording and...
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Alex Jaacovi
Sep 1, 20233 min read
Is TurboTax Enough?
Tax season can be a stressful time for many individuals and businesses. When it comes to filing your taxes, you have a choice: do it...
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Alex Jaacovi
Aug 20, 20233 min read
Crypto and Taxes
In the ever-evolving world of finance, cryptocurrency has emerged as a groundbreaking and transformative technology. Beyond its potential...
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Alex Jaacovi
Jul 16, 20232 min read
Inheriting a Parent's Home
The loss of a parent is an emotional and trying time, and inheriting their house can bring about both fond memories and new...
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Alex Jaacovi
Jul 4, 20232 min read
When to Say "No" to a LLC
When it comes to establishing a legal structure for your small business, the Limited Liability Company (LLC) is often presented as the...
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Alex Jaacovi
Jul 1, 20232 min read
Tax Consequences of Selling Your Home
Selling your primary home is a significant financial decision that can bring both excitement and a range of tax consequences. It's...
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Alex Jaacovi
Jun 20, 20232 min read
The Advantages of the Child Dependent Care Credit
Raising children comes with a multitude of responsibilities, including the significant cost of child care. Fortunately, the tax code...
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Alex Jaacovi
Jun 11, 20233 min read
How to Respond to a CP2000 Notice
Receiving a letter from the IRS can be an unsettling experience for any taxpayer. One such notice that individuals and businesses may...
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Alex Jaacovi
Jun 6, 20232 min read
Is a Cost Segregation Study a Good Idea?
A cost segregation study is a detailed analysis of a property's components and their associated costs, with the goal of identifying...
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Alex Jaacovi
Jun 3, 20233 min read
Most Common Tax Questions
Tax season can be a daunting time for many individuals and businesses. With complex tax laws and regulations, it's no wonder that people...
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