September 9, 2024
We all know setting business goals is key to success, but let’s face it—just having a plan isn’t enough if you don’t actually do anything with it. It’s easy to spend time crafting the perfect business strategy only to let it sit untouched and overlooked.
August 27, 2024
Increasing your business equity rapidly can unlock new opportunities for growth, investment, and long-term success. Whether you’re a CEO, athlete, or entertainer with a business venture, these three strategies can help you build equity efficiently.
August 5, 2024
In the dynamic world of sports, maintaining financial fitness is not just a goal but a necessity for achieving sustained success. Whether you’re commanding attention in a packed stadium or launching an entrepreneurial endeavor, guidance from an athlete financial advisor is crucial to keeping your business competitive and thriving.
July 29, 2024
Imagine checking your mail or email to find an IRS tax bill stating that you owe money. Whether the amount is small or substantial, it can likely trigger some immediate concern or even anxiety.
July 22, 2024
The IRS recently completed a pilot program for a free electronic tax return filing system. Due to the pilot’s success, the IRS will permanently offer this service starting in 2025. The Direct File program, as it is known, was available in 12 states for taxpayers with simple W-2 forms to help residents file federal taxes directly. The IRS is now inviting all states to join the program, including those with state income taxes.
While the program can help simplify filing, is oversimplifying the process beneficial to your tax savings?
July 15, 2024
Nonprofit compliance can seem hard to navigate for organizations wanting to advocate for their cause on a larger scale. In the eyes of the IRS, a nonprofit is defined by its tax-exempt status, granted under section 501 c 3 of the Internal Revenue Code. This status affords nonprofits the invaluable privilege of receiving tax-deductible contributions, fueling their work and empowering them to effect change. Yet, this privilege comes with stringent guidelines, particularly concerning political support.
July 2, 2024
Receiving an IRS audit letter can be an extremely nerve-wracking experience. The questions, concerns, and overwhelming “what-if” thoughts can easily take over. Rest assured, this article will identify why someone may be audited, what exactly is involved in an IRS audit, and the possible steps to take to be fully prepared.
June 10, 2024
Reporting your Beneficial Ownership Information (BOI) Reporting is a fundamental requirement for all business owners. This measure aims to promote financial transparency and detect illicit activities within the corporate landscape. Therefore, it must be taken very seriously, as non-compliance could be considered a crime.
June 4, 2024
Losing important documents can be a stressful experience, especially when it comes to matters as crucial as your Employer Identification Number (EIN) letter from the Internal Revenue Service (IRS). If you find yourself in this unfortunate situation, it’s important to know how to proceed before facing consequences.
April 5, 2024 We’re diving deep into a subject that’s not just close to my heart but essential for your financial well-being – the Simplified
