by Michael Hogberg, EA | Oct 29, 2024 | Federal Tax, Updates
As the end of the year approaches, business owners may find themselves tempted to hold off on tax planning until tax preparation season. But waiting until it’s time to file returns is a mistake that often proves costly. Strategic planning throughout the year,...
by Michael Hogberg, EA | Oct 1, 2024 | Updates
Is Extending Your Tax Return the Right Move? As we continue to progress through the year, many taxpayers are relying on extensions to file their returns by October 15. While extensions can be useful for some, they may not always be in your best interest. Filing an...
by Michael Hogberg, EA | Jul 3, 2024 | Updates
Running a small business comes with a host of responsibilities, including managing your tax obligations. Implementing effective tax strategies can help you minimize your tax liability, maximize deductions, and improve your overall financial health. Here are some key...
by Michael Hogberg, EA | Jun 15, 2024 | Updates
In recent news, a Michigan business owner faced serious charges for allegedly underreporting business income and failing to pay employment taxes. While this case has gained attention, it underscores a broader issue that is unfortunately not uncommon among small and...
by Michael Hogberg, EA | Jun 12, 2024 | Updates
Charitable giving not only allows you to support causes you care about, but it also offers potential tax benefits. Understanding how to maximize these benefits can help you reduce your taxable income and make a more significant impact with your donations. Here’s a...