Inflation impacts everything – the cost of goods, services, utilities and even taxes. In 2023, the IRS adjusted some 2023 tax guidelines to lessen the chance of earned income bracket creep. Bracket creep occurs when your salary is increased to offset the cost of...
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...
Tax season is confusing, especially for business owners who continue to understand tax deductions for which they are eligible. The Employee Retention Tax Credit, or ERTC for short, was a policy created to aid business owners in their retention of employees during the...
Every tax season, we meet with small Colorado business owners to discuss ways they can reduce their taxes. Our tax strategies help owners take advantage of available credits and deductions while managing the timing of their revenue and expenses. We often find that...
The Setting Every Community Up for Retirement Enhancement Act was initially passed and signed into law in December 2019. The bill addresses several changes our country needs to support our long-term retirement system. Unfortunately, it didn’t provide enough...
