Economic disruptions highlight the importance of long-term financial planning. If there’s one thing we’ve learned is that taxes are inevitable, regardless of a health crisis and global recession. While we can have peace of mind that the taxes we pay are devoted to maintaining economic...
Many individual taxpayers and even small businesses assume that tax preparation and tax planning are synonymous. However, these are two types of services with distinct goals. What is Tax Preparation? Tax preparation involves the process of preparing and filing a tax return. A tax preparation service ensures...
(source) Chuck Berry had an impressive career that lasted decades and established him as the “Father of Rock and Roll.” With hits like Johnny B. Goode and Roll Over Beethoven, Berry’s music has made him an iconic figure in music history. However, his 90-year life was...
Tax planning goes beyond preparing and paying your taxes correctly and consistently. With tax planning, you’re developing a strategy that navigates the complexities of tax laws and benefits to ensure you don’t miss any opportunities. Therefore, tax planning is a critical component of your overall...
You cannot avoid taxes. Not only are taxes your responsibility, but ignoring your tax liabilities can lead to harsh consequences that can ruin your reputation, deepen your debt, land you in jail, and result in asset and business loss. However, there are ways that you...
