Tax-saving Tips for High-Income Earners Preparing for end-of-the-year taxes as a high-income earner can be daunting, but understanding good tax-planning practices can help to increase your chances of receiving higher returns on your investments. Income from...
Saving money is a difficult commitment to make, but it provides benefits in the long run. Life throws unpredictable events at us and preparing our budgets to account for accidents or emergencies grants peace of mind. Saving is also one way to hold off on wanton...
Following the announcement of President Joe Biden’s American Families Plan on April 28th, the administration announced plans to offset expenditures by increasing taxes on high income earners. What could this mean for you? Here are the key points you should know: On...
In March, President Biden announced the American Families Plan, which will provide direct support to families through various programs including childcare, paid family leave and education. As part of this proposal, families will be able to receive tax credits of up...
April 15 is a stressful day of the year, and especially when attempting to cram in months of tax preparation in a few days. If receipts and records are not well-organized, keeping track of deductible expenses grows increasingly difficult. This limits the size of your...
Many business owners and taxpayers are accustomed to the idea of “reactive” taxes. In this style of filing, you make your various expenditures throughout the year, see your company’s sales and expenses, and determine how much you owe at the end of the year. However,...
People looking to start small businesses face a daunting task. With the dominance of larger companies, global competition provided by the internet, and the increasing number of competitors within other small businesses, you may feel overwhelmed. However, these simple...
-If investing in your future is something that rests entirely on your shoulders, know that there are options. If you have employer-sponsored plans like 401(k)s, it’s imperative to that you properly optimize that plan to its fullest. But saving for retirement is a...
