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July 29, 2019

The key to running a successful small business lies in effective planning and financial management. Financial ratios are helpful in deciphering mass amounts of numbers that may seem meaningless and too abstract to interpret as they stand. Generating analyses of these n...

July 29, 2019

Home Office Usage

If you use a part of your home for business purposes, then you are in luck! The IRS allows the deduction of expenses for business-related usages of the home. This deduction is available to both homeowners and renters and applies to all types of homes....

June 26, 2019

If you live in a rental property or primarily live on and own any homestead, you are likely entitled to a renters or property tax refund.

First, one must fill out a M1PR tax form to file for a renters refund and property tax refund. 17 percent of the rent paid by renter...

May 27, 2019

An IRA, or Individual Retirement Arrangement is the investment of money that is tax-deferred for a safe financial retirement. IRA’s come in a variety of forms such as: Traditional, Roth, Simple, SEP, and Payroll Deduction. Below is a breakdown of what each of these dif...

May 27, 2019

The price of higher education is a commonly considered financial burden to thousands of individuals on a national scale. Fortunately, a variety of credits and deductions exist that are designed to assist with qualified education expenses.

American Opportunity Tax Credit...

March 25, 2019

Regardless of your businesses’ size, the miles put on for business-related driving have value to you. Here’s what you need to know about the previous and current mileage deductions that might be applicable to your business.

2018 Mileage Deduction

  • A mileage deduction...

March 25, 2019

The Qualified Business Income Deduction is a taxpayer deduction within the United States relating to trade or business with qualified part or services of income, gain, deductions or losses within a tax year.

The Qualified Business income Deduction may also be referred t...

February 27, 2019

What are Economic Opportunity Zones?

Economic Opportunity Zones (EOZ) are a new economic development tool established by Congress in correspondence with the Tax Cut and Jobs Act of 2017 to influence long-term investments in urban and low-income communities nationwide. E...

February 27, 2019

Benefits of filing your taxes early.

Above all else, it is inevitable that during the filing process, pieces of financial information may be difficult to identify or acquire. For this reason, it is crucial to allow yourself plenty of time to gather all of your financial...

December 30, 2018

These changes effect a variety of businesses from farms to larger corporations. It is recommended that you consult with your accountant to see if you are affected by any of these new tax changes. Some notable tax changes are as follows:

New Tax Law

Reduces the income tax...

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