Personal Taxes
SEP IRA, SIMPLE IRA or SOLO IRA
Should I contribute to a SEP IRA, a SIMPLE IRA, or a Solo-401K? Being Self-employed has some great benefits but one of the best is
September 8, 2023
Corporate Taxes
Should I Incorporate as an S-Corp or an LLC?
There are many business entities that owners can consider when choosing to incorporate. The two most popular are Limited Liability Companies (LLCs) and Subchapter S
June 7, 2023
Personal Taxes
What is a Deduction?
When tax season comes around people love to talk about deductions. Tax deductions, put in the simplest way, are items that lower your taxable income
January 30, 2023
Personal Taxes
Estimated Payments
In our income tax system, you are supposed to pay income tax on the income when you earn it. This means you are supposed to
January 5, 2023
Corporate Taxes
1% Excise Tax on Corporate Stock Buyback
Stock buybacks are a common corporate strategy to boost stock prices and increase shareholder value. A significant amount of buybacks take place in the United
November 18, 2022
New Tax Guidelines
EV Tax Credit
Summary: The Inflation Reduction Act of 2022 (IRA) is the biggest federal investment to fight climate change in American history. The law provides financial incentives
October 24, 2022
Personal Taxes
Federal COVID Tax Relief
To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service issued Notice 2022-36, which provides penalty relief to most people and businesses
September 20, 2022
Personal Taxes
Massachusetts State Tax Refund
More than three million Massachusetts taxpayers will be getting some money back from the state starting in November. Massachusetts is returning $2.941 billion in excessive
September 20, 2022
Personal Taxes
The IRS is Backlogged, and It Keeps Growing
As of May 31st, there were 21.3 million unprocessed paper returns. That is a 1.3 million jump from a year ago. Paper filed returns have
June 23, 2022
Avoid Being Audited By the IRS
While the IRS is conducting fewer audits than they used to, it is important to avoid raising red flags. Here are some important points to
April 15, 2022