by Folasade Ayegbusi | Jan 27, 2023 | Tax Withholding
Find out if you should adjust withholding taxes now and why. Introduction: What is Withholding Taxes? Withholding taxes are a crucial aspect of the tax system in the United States. They refer to the amount of money withheld from an individual’s paycheck by their...
by Folasade Ayegbusi | Aug 29, 2022 | Tax
What you Should Understand About the IRS’ New Direction and What it Means For your Taxes The IRS has the Inflation Reduction Act to thank for its newly enacted $80 billion in funding. The funding will go a long way to help the agency implement tax reforms and...
by Folasade Ayegbusi | Aug 5, 2022 | Tax
5 things that will MESS UP your taxes in 2022 The year is fast approaching its end. Thus, taxpayers who are serious about filing accurate taxes are already ramping up tax planning efforts. Even if you are not doing anything about your 2022 taxes, still, very soon, you...
by Folasade Ayegbusi | Jul 29, 2022 | Tax
2022 Tax Changes you Should Know to Help you Plan your Taxes The transition from several COVID tax incentives to now, where inflation is the new elephant in the room, brought a barrage of tax changes we should prepare for. Given such a phenomenon, tax planning becomes...
by Folasade Ayegbusi | Jul 2, 2022 | Accounting, Tax
3 Reasons You Should Start Tax-Planning Now Financial planning is a key to managing personal finance. It is the analysis of your financial situation or standing, which also involves your taxes or how you are taxed. Analyzing and planning your taxes ensures efficiency...