tax savings

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17 11, 2017

Military Tax Breaks You Might Not Know About

By | 2018-01-08T17:58:17+00:00 November 17th, 2017|Blog, Financial, Monthly GAB, Tax, The Tax GAB, time and money savers|2 Comments

Military service members take many sacrifices and have special obligations in order to serve their country; naturally, their taxes are affected. There are a number of special tax breaks they are entitled to and this post will be to inform our service members of what exactly they entail. Residence or Domicile: Because there are times [...]

17 10, 2017

8 Ways to Help Save Money as a Startup

By | 2018-01-08T17:57:58+00:00 October 17th, 2017|Blog, Business Advice, Financial, For CPA's, Hiring, Monthly GAB, new business owner, New employees, Small Business GAB, Starting a new business, time and money savers|Comments Off on 8 Ways to Help Save Money as a Startup

One of the most exciting adventures in life is starting a new business. It opens a world of opportunity to extend helpful services and make life easier for those around us. However, in the beginning stages of building a business there are several unavoidable expenses but by following these 8 tips on increasing profits you [...]

27 04, 2017

Why Am I Paying so Much in Taxes? A Tax Professional Can Help You Avoid Common Mistakes

By | 2017-04-27T15:02:06+00:00 April 27th, 2017|Blog, Financial, Tax|1 Comment

If you've ever wondered why your small business pays so much in taxes, maybe it's because you need to hire a tax professional to help you avoid common mistakes. There are a number of mistakes businesses routinely make that cost them big money when paying taxes, such as not choosing the right entity type for [...]

16 02, 2017

Why Am I Paying So Much in Taxes? Picking the Wrong Entity Type Can Cost You.

By | 2017-02-16T18:10:33+00:00 February 16th, 2017|Blog|Comments Off on Why Am I Paying So Much in Taxes? Picking the Wrong Entity Type Can Cost You.

If you've ever wondered, why am I paying so much in taxes? perhaps you've picked the wrong entity type or business structure for your business. Small business owners frequently make mistakes in this area that cost them a lot of money at tax time. The best structure for a particular business can vary based on [...]

2 12, 2016

10 Insane (But True) Ways to Grow Small Business Profits

By | 2016-12-02T13:06:55+00:00 December 2nd, 2016|Blog, Monthly GAB, new business owner, New employees, Small Business GAB|Comments Off on 10 Insane (But True) Ways to Grow Small Business Profits

When you were a kid, you imagined becoming an entrepreneur — a dream that turned into reality a few years ago when you started your first small business and began enjoying the freedom of being your own boss. But, since then, your profits haven’t grown at the rate you’d hoped they would. If you can [...]

2 11, 2016

Seniors Beware, Affordable Care Act Will Be Cutting Your Medical Deductions

By | 2016-11-02T13:56:21+00:00 November 2nd, 2016|Blog, Financial, Monthly GAB|Comments Off on Seniors Beware, Affordable Care Act Will Be Cutting Your Medical Deductions

When an individual itemizes deductions, one of those deductions is the cost of medical and dental expenses, including health insurance premiums. However, the medical expense deduction has been historically limited to the amount that exceeds 7.5% of a taxpayer’s adjusted gross income (AGI). With passage of the Affordable Care Act, commonly referred to as Obamacare, [...]

7 10, 2016

9 Finance Tips All Business Owners Should Follow

By | 2016-10-07T11:59:29+00:00 October 7th, 2016|Blog|1 Comment

Business owners are experts at their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scene isn’t always as easy. With the right tools and resources, including a professional by your side, you can enhance the way you [...]

22 02, 2015

Give Yourself a Financial Checkup

By | 2015-02-22T06:04:31+00:00 February 22nd, 2015|Blog, Financial|Comments Off on Give Yourself a Financial Checkup

Just like you go to the doctor and the dentist regularly for a checkup, it’s also a good idea to give yourself a regular financial checkup. While you still might have 15+ years until retirement, you're not a kid anymore either. It's probably time to take a hard look at your financial situation and make [...]

27 06, 2014

The Lifetime Value of Your CPA

By | 2014-06-27T14:04:14+00:00 June 27th, 2014|Accounting, Blog|Comments Off on The Lifetime Value of Your CPA

Year after year this is a question that I wonder about. As a service company we obviously think about retention of current customers. Marketers and consultants use the lifetime value of a customer as a reason to try to keep all the customers you currently have. It’s a simple calculation. Amount you are paid annually [...]

12 02, 2014

Maximize Your American Opportunity for Education Tax Benefits

By | 2014-02-12T12:53:32+00:00 February 12th, 2014|Blog, Tax|Comments Off on Maximize Your American Opportunity for Education Tax Benefits

Are you going back to school or have a student starting college? College is expensive. Here is a way to reduce those costs. The tax code provides tax credits for post-secondary (college) education tuition paid during the year for a taxpayer, spouse, or dependents. Taxpayers should make every attempt to take advantage of these benefits. [...]