Small business owners have received an unexpected shock this tax season, with many owing more than expected. As the nation emerges from Covid-19, some businesses have experienced higher revenues and, therefore, higher tax liabilities than in the past two years. Tax...
If I had a penny for every time a small business client asked me one of the questions below, I might not be a CPA anymore. Whether they run a taco stand in downtown Denver or an oil and gas business in Durango doesn’t matter—many owners wonder the same things. ...
Cybersecurity issues are a modern-day way of life. Threats to our personal data and information occur daily as hackers and ill-spirited actors work to steal information they can financially capitalize upon. In 2003, The FTC’s Standards for Safeguarding Customer...
Taxes and death are the only two guarantees of life. While you cannot avoid death, you can reduce or avoid some tax liability. If you want to reduce your taxable income, credits, deductions and investment strategies are available for individuals, solopreneurs and...
When you own a small business, tax deductions can lighten your tax burden and save you money. They make the cost of doing business more affordable. The more you understand deductions, the more you use them to lower your total tax liability. In other words, you keep...
Cryptocurrency isn’t new. For years now, we’ve seen more and more clients needing help determining their tax liability on the sale and exchange of crypto. Like stocks, bonds, gold and silver, the IRS considers crypto property and treats it as such....
