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At Simply Balanced Accountants, we help small business owners navigate tax season with confidence. Here are four key deductions you don’t want to overlook:
At Simply Balanced Accountants, we believe that tax planning is not just about filing a return—it’s about taking proactive steps to minimize your tax liability, maximize deductions, and create a strategy that aligns with your financial goals. Whether you're an individual, a small business owner, or someone with a complex financial portfolio, our three-tiered tax planning services are designed to fit your needs.
Filing taxes can be a daunting task, and with so many DIY tax software options available, many individuals and business owners wonder if they should tackle their taxes on their own or hire a professional. The truth is, while some situations make DIY filing a reasonable choice, others can quickly become overwhelming and costly if mistakes are made.
As a small business owner or self-employed individual, selecting the right retirement plan is crucial for both your financial future and tax strategy. Two popular options are the Simplified Employee Pension (SEP) IRA and the Savings Incentive Match Plan for Employees (SIMPLE) IRA. Both plans have specific features, benefits, and contribution limits that have been updated for the 2025 tax year.
While we love seeing you each year, there is no need to spend an hour in our office! Client Portals make tax season a breeze!
As we step into 2025, it’s important to stay informed about the latest tax changes that could impact your return. From updated tax brackets to new rules for deductions and credits, understanding these changes can help you prepare effectively and avoid surprises. At Simply Balanced Accountants, we’re here to break it all down for you.
