Property flipping has been a popular side hustle since the housing market crash in 2008. Buy a property with some wear and tear and outdated décor at a low price, fix the problems, make it look nice, and resell it… Read More »Property Flipping: Record-keeping to Pay the Least Taxes
Can you lose money and owe taxes when you lost money? Yes, you can! But how can you owe taxes on a loss? If you trade the same stock, bond, crypto, or other investment back and forth several times, your… Read More »Paying Taxes on a Loss: The Hidden Dark Side of Internet Trading
Did you get a thousand phone calls telling you that you get $26,000 per employee from the government? Free money, no catch? They probably said it was a new program and you qualified for the Employee Retention Credit right there… Read More »Employee Retention Credit – Real Updates on ERC
2024 Update for Small Business Taxes Be sure to complete this list before you file your 2023 small business taxes in 2024. Scroll down to watch my video. 1. Income Checkup – If you are going to owe over $1000… Read More »Nine Things to do BEFORE you File your Small Business Taxes
The Secure Act 2.0 was passed in December 2022 and made a lot of changes to what you can do with your retirement money. The first Secure Act in 2020 allowed for a $5000 penalty-free hardship distribution for the birth… Read More »Can I Use My Retirement Money if I Have a Baby?
Your 1099K is on hold again. It isn’t coming. I knew it. As the end of the year grew closer, I started writing blogs and planning strategies to deal with the incoming 1099K nightmare. I was figuring ways to reconcile… Read More »The 1099K On Hold Again
