Tax Credits vs. Tax Deductions for Individuals

Tax Credits vs. Tax Deductions for Individuals

When it comes to tax season, you may hear about tax credits and deductions and wonder – what’s the difference? Both can lower your tax bill, but they work differently. Knowing what they are and how they impact your tax situation can benefit you and your...
Looking into 2024: Some changes when it comes to your taxes

Looking into 2024: Some changes when it comes to your taxes

With 2023 coming to a close, let’s take a look at what we already know will be changing in 2024 when it comes to taxes—and how they will affect our wallets and businesses. While sweeping tax reforms are unlikely as divided government continues in Washington, the IRS...
IRS Gift Tax 101: What Small Business Owners Need to Know

IRS Gift Tax 101: What Small Business Owners Need to Know

Having a generous spirit is a good thing right? Major life events, creating memorable experiences, and even the holidays can help you get into the giving spirit. But, is there a downside to being generous? If you are a small business owner who wants to gift money or...