Help Your High School Student Become Money Smart


  • August 31, 2022
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Often lost in the race to get kids through high school and on to life in the real world are basic financial skills. Here are a dozen financial concepts to consider explaining to your kids before graduating high schoo

Withholding Review


  • August 29, 2022
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With tax season in the rear view mirror, now is the time to take a hard look at your federal and/or state withholdings to ensure next year's tax bill does not surprise you.

Understanding Tax Terms: Contemporaneous Records


  • August 24, 2022
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If you have problems getting to sleep at night and you turn to the IRS tax code for help, you might find some vocabulary that is very foreign to you. One of the more uncommon words used by the IRS is the term "contemporaneous." So what does it mean and why should you care?

Great Tax Reduction Ideas


  • August 22, 2022
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The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher standard deduction amounts, those who do not itemize think there are no longer ways to reduce your taxes. Since mid-ye

IRS Audit Rates


  • August 19, 2022
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The IRS reported audit rates continue to be low...very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews.

Tips on IRS Audits


  • August 18, 2022
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The best way to deal with an IRS audit of your small business is to know what to do and not to do

The Power of Comparative Financial Statements


  • August 10, 2022
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Your business has a story to tell. And one of the ways to hear your business’s story is by reviewing performance through comparative financial statements.

Hobby verus business?


  • August 9, 2022
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You Can't Deduct that Loss? How to ensure your business is not deemed a hobby!

Pulling Retirement Funds Early? Consider This First


  • August 4, 2022
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Taking an early withdrawal from your retirement account is a tempting idea. Perhaps you need a new car or have medical bills to pay. Or maybe you’re facing an immediate financial hardship like a job layoff or major home repair. Regardless of your reasons, understanding the

Great Summertime Tax Saving Tips


  • August 4, 2022
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Summer is usually the time for relaxing, but it can also be a time for tax savings. Here are several timely tips: