by Chris Dios | Oct 22, 2021 | Tax Tips
If you have an income, you’re responsible for taxes. The government taxes everyone, but Uncle Sam taxes wealthier taxpayers at a higher rate. Your tax bracket depends on how much you earn, whether you’re filing jointly, and a few other factors. We’re...
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by Chris Dios | Oct 22, 2021 | Tax Tips
Tax season is approaching fast, so you should get focused on your taxes. Your taxable income will determine your final year-end tax bill. To determine taxable income, subtract your allowed deductions from your total income. Your adjusted gross income will include...
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by Chris Dios | Oct 7, 2021 | Tax Tips
For independent contractors, filing taxes is a little more complicated. Contractors don’t have an employer, so they’re responsible for paying taxes and reporting their income. 1099 contractors must use IRS Form 1040 to report income. However, Form 1040 includes...
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by Miguel | Oct 7, 2021 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you likely need to pay taxes on your income. But just how much do you need to save in order to cover your estimated tax payments? This brief guide will...
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by Chris Dios | Oct 4, 2021 | Tax Tips
For high net worth individuals, tax strategies and investing go hand-in-hand. If you’re not diligent about the tax consequences of your investments, you may owe the IRS far more than anticipated. As such, these wealthy individuals often ask our team about the...
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by Chris Dios | Oct 4, 2021 | Tax Tips
Filing taxes can be a headache for any small business. But, corporations, in particular, face a unique set of challenges. Sole proprietors file a Schedule C with their personal tax returns. Businesses organized as a corporation must file a completely separate,...
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