What Is The Difference Between An Partnership and S-Corp? In today’s fast-paced world, several families get lost in the crowds in terms of wealth building. But in my career as a tax professional and LLC owner, I have seen a great amount of resistance to poverty....

Benefits of an S-Corp and Benefits of a partnership When paying an annual business return, your corporation status or the type of business you run plays a huge role. Some business owners pay double taxes, and some can pass their income to shareholders, who then pay...

Tax Filing Mistakes using TurboTax | TurboTax Trap Imagine the pain of someone calling your name, asking you to trust that they will freely do something for you only to turn around and let you do everything by yourself? That is one classic example of the pain that...

How to Prepare your 2020 taxes | Tax Preparation Ways and Services The 2020 tax season recently started, and suddenly, you are asking how to prepare your 2020 taxes. To be honest, such a question should have been asked at the beginning of the 2020 tax year. That is,...

What is the importance of tax planning? We definitely cannot speak about a proactive tax strategy without mentioning tax planning. This is because whatever tax strategy you implement results from a tax plan that your tax professional presented. Therefore, tax planning...

What Are The Proven Tax Tips For 2021 Tax Season The 2021 tax season will have surprises and mistakes too, especially for individuals and small businesses without a tax professional. There are just plenty of reasons to believe so. For example, COVID-19 relief measures...