Estate Taxes vs. Inheritance Taxes: Understanding the Differences
Estate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the…
What is the Difference Between an HSA and a Health FSA?
The tax code provides two tax advantageous plans for taxpayers to pay medical expenses. One is a Flexible Spending Account (FSA) and the other is a Health Savings Account (HSA)….
6 Tax Tips for 2023
Tax time is all year long! There’s always a lot you can do to help lower your taxes, save money and avoid penalties. Read on for six ways to save….
How Volunteering Can Earn You a Big Tax Deduction
Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds…
Why Quality Bookkeeping Matters
If you had to make a list of all the things that most business owners hate, taking care of accounting and other financial matters is probably right at the top….