Make Year End Tax Planning a Priority

Make Year-End Tax Planning a Priority

Tax planning is the process of looking at various tax strategy options to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability.  But why is tax planning so important?  You might be thinking that with potential major changes to the tax code, it’s hard to know what…

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Mirror

Narcissistic Entrepreneur Disorder

Are you better looking than your friends? Are you smarter than the average person? Are you an above average driver? It is human nature to overestimate our knowledge, overrate our attractiveness, and overprize our skills.  One study found that 94% of college professors considered themselves above average in the classroom, while another study found that…

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Who Should File a Tax Return?

Who Should File a Tax Return? Everyone’s situation is different when dealing with taxes. It may come as a surprise, but not everyone has to file taxes. Commonly, if your total income for the year doesn’t surpass the standard deduction plus one exemption and you aren’t a dependent to another taxpayer, then you don’t need…

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Self Employed

Tax Tips for the Self-Employed

Tax Tips for the Self-Employed If you’re self-employed, you generally have a trade or carry a business.  Two types of self-employment are: sole proprietors and independent contractors.  If you work as an independent contractor and have not setup a business entity, like an LLC or corporation, your business is essentially the same as a sole…

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Financing

Small Business Financing: Securing a Loan

Small Business Financing: Securing a Loan When owning a small business, there will most likely come a time when you’ll reach out to a bank or financial institution in order to borrow funds.  Secured business loans are a common type of small business funding.  A secured business loan is any type of business financing that’s…

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