2021 Tax Deadline Just Around the Corner – Are You Ready? Recently, the US Post Office shared that they expect mail delivery to slow down starting this month. How will this affect you and what do we recommend to ensure we can best help you meet your deadline? Be proactive. The sooner you send in your taxpayer information, the […]
Insights
Dear Clients & Friends, QuickBooks is an invaluable accounting tool for small business owners, who can use the software for everything from securely paying bills and invoicing customers to processing payroll and even preparing financials. However, the platform offers so many features that it can initially be tricky to set up, somewhat challenging to navigate, […]
Dear Clients & Friends, The most widely discussed aspects under the American Families Plan (AFP) are the proposed tax increases, including those on long-term capital gains (LTCG) for high-income individuals. LTCG’s are the profits from the sale of any asset held over a year, such as stocks, land, a business, and cryptocurrency. If passed, the proposal would raise marginal rates to 39.6 percent on adjusted gross […]
Legal marijuana has gone mainstream, and the cannabis industry is experiencing a boom that shows no signs of slowing down anytime soon. In 2020, global cannabis sales reached $19.7 billion. In the U.S. alone, sales hit a record $17.5 billion last year, according to cannabis market research leader BDSA. Despite those huge numbers — and the […]
European countries such as France, Spain, and Italy have been open to U.S. travelers since June, and you might already have planned a summer trip. Unfortunately, if you do some shopping abroad, you’ll probably encounter something called a value-added tax, or VAT. The good news? Armed with the right information, you can often claim a […]
On July 15, about 36 million Americans will start receiving advance monthly checks from the IRS under the expanded Child Tax Credit. The bill, part of the President’s American Rescue Plan Act, increases the child tax benefit to $3,600 per child under age 6 and $3,000 per child between the ages of 6 and 17. […]