- 10 Tax-Saving Strategies to Consider Before Year-End
- It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner, tax-savvy individuals need to take some time from their busy schedules to review the tax benefit steps they’ve already taken and see what else they need to do. Now is the time to ensure that you’ve taken advantage of all of the tax-saving strategies available to you.
- Watch Out for Tax Penalties
- Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they can do to their wallets. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided.
- Intimidated by Accounting? Five Simple Steps Are All You Need
- Incorporating these five tips into your everyday tasks and mindset will help you master the accounting basics. Learn more.
- Video tips: Who can get a Home Office Deduction?
- Small business owners and self-employed individuals who work from home may be eligible for a home office tax deduction. Watch this video to learn the basics.
- Are You a Candidate for Bunching?
- The changes in the 2017 Tax Cuts and Jobs Act (TCJA) included nearly doubling the standard deduction and placing limitations on or suspending certain itemized deductions, effective for tax years 2018 through 2025.
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