Unlocking Tax Benefits: Making the Most of Your Business Travel Expenses
Business often requires that we travel. Traveling can be both enriching and stressful—a source of both joy and challenges. One of the challenges of traveling can be the expenses associated with it. Travel expenses don’t end once you’ve purchased airfare, bus tickets, train tickets, or gas. Rather, travelers must ensure that they have adequate lodging,…
Read MoreFinancial Health for Physicians: The Benefits of Accounting for Physicians
Even though physicians typically fall into a higher income bracket than many other occupations, not all physicians experience financial security. This is especially true for physicians working as independent contractors or with their own medical practice. Paying off student loans, costly professional expenses, and managing large amounts of money can make good financial health for…
Read MoreRetirement Planning for Individuals
In 2022, it was found that 49% of people between the ages of 49 and 56 were not prepared for retirement. They didn’t have the right savings, investments, or sources of income to get them there. This can be an extremely scary thing. The last thing you want around that age is to be unprepared.…
Read MoreThe 2023 Tax Law Changes You Need to Know
Our Feb. 9th, 2023, webinar recording features the 2023 Tax Law Changes You Need to Know. David Auer and Elliott Barber provide a look at how past, current, and upcoming legislation could effect your tax picture.
Read MoreThe Pros and Cons of Being a 1099 Contractor vs. a W-2 Employee
The ability to choose how work is classified by a professional can be highly beneficial for a number of positions and industries. Though many hiring managers and recruiters are accustomed to working with W-2 employees, this option isn’t always the best when it comes to healthcare. Physicians and other high-income professionals have been discovering the…
Read MoreTax Issues to Watch for 2022 and 2023 – Inflation Reduction Act and More
This year, inflation in the U.S. hit a four-decade high as prices hit a 9.1% increase compared to last year. As Americans try to navigate these tough times, it’s more important than ever to know any changes in tax policy that might arise. Tax laws like the Inflation Reduction Act are constantly evolving to help resolve…
Read MoreThe Importance of Year-End Tax Planning
Did you know that over $1 trillion is paid in individual income taxes every year? But, it can be difficult to know where to start when it comes to tax planning. The truth is, if you don’t start planning now, you’re going to have a lot of work to do in the next few weeks.…
Read MoreHow Inflation Affects Your Taxes
In 2022, Americans saw the biggest increase since 1981 in inflation, a whopping 9.1%. This is a pain that’s felt by every citizen across the country, from the groceries they buy to the gas they put into their cars. However, these everyday purchases aren’t the only places that Americans will feel the effects of inflation. Inflation…
Read MoreIRS Tax Audit: Everything You Need to Know and Signs You Might Be Audited
The Inflation Reduction Act of 2022 will increase the IRS’ budget by $80 million over 10 years. What does that mean for you? In short, it gives the IRS the funding for personnel to conduct more tax audits. That means if you’re already at risk of an audit, the chance of you getting one in the…
Read MoreThe $80 Billion Question: How Will the New IRS Affect You?
Our Sept. 7th, 2022 webinar recording covers how the new $80 billion injection of funding may change the future of the IRS. David Auer gives us a look at some statistics on the state of the IRS, and where the organization may improve and how many more audits they might be able to handle.
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