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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:
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.
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.
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.
There are a number of areas in the tax code that cause confusion as to the taxability of money received. Here are some of the most common areas of confusion.
At the end of each year there are a number of things to consider that may have a positive impact on your tax obligation. Here is a list of fifteen ideas that may be worth a quick review.
