In our life, we spend a lot of time thinking about problems. What if we say a magic word and make them all go away? Maybe we can.
The words aren’t like Dorothy clicking her red heels together and saying “There’s no place like home”. You don’t need Greek phrases or a special diet/pill you saw on the shopping channel to make it work, either.
Surprise is it not a four letter word, it is worse, it’s a simple six-letter word: growth.
Is there a missing egg? Have you ever had the pleasure of coloring hard boiled eggs with your children or grand-children and then have the “Easter Bunny” (aka Mom and Dad) hide them for finding on Easter morning? This was an Easter tradition for our family and it made Easter morning a quick fun filled…
If you’re like me, you’d prefer to pay as little as possible in taxes each year. To help you save your hard-earned money, here are 5 commonly overlooked ways to save money at tax time 1. State Sales Tax Thankfully living in Texas we do not have a state income tax. However, we can deduct…
A high percentage of the questions a CPA gets this time of year, begins with the simple question. “Can I deduct that?” Yes, if it is “Ordinary and Necessary.” But what exactly do “ordinary and necessary expenses” include? This also depends on your business. For instance, if you own a retail store, the IRS wouldn’t expect to…
First, let’s clear the misconception about a ROTH IRA. If you do a ROTH Conversion this year, it will cost you money. However, in the long turn it might be the best tax avoidance strategy you could have. Why on earth would I recommend paying higher taxes? Let me explain. Let’s say you’ve been stuffing…
Tax time is here and it seems everyone has questions. You’ve likely heard of “itemizing” your expenses on your tax return, but we find that not everybody knows exactly what that means, and how exactly “itemizing” affects your tax bill. Standard deduction versus itemizing Every year on your tax return, the IRS automatically gives you…