How many family businesses can you name that have been around for many generations? Have you ever wondered what they have in common? Most businesses that continue to prosper as they pass from generation to…

Can’t itemize? There are still tax breaks for you. A common misconception in tax filing has been that if you use the Standard Deduction versus itemizing your deductions you have few additional benefits available to…

How to use financial information to increase your business profits. Most successful business managers use financial statements and other special reports to generate higher profits. If you haven’t been using all the financial tools available…

While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free; zero percent! In fact,…

In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some…

Cash theft ranks as one of the most common frauds perpetrated on small businesses, according to a 2018 report by the Association of Certified Fraud Examiners (ACFE). To ensure your business is protected from theft,…

What’s My Tax Rate? It may seem like a simple question, but there are different types of tax rates out there. The following videos define two of them, a taxpayer’s Marginal Tax Rate and an…

If giving to charity is still in your agenda for 2019, there is still a window of time for you to make that year-end donation. Gifts to charity are one of the best tax-saving opportunities…