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...
by Michael Hogberg, EA | Jun 5, 2024 | Updates
Capital gains taxes can significantly impact your investment returns, so it’s essential to understand how they work and how you can manage them. Capital gains are the profits you make from selling an asset, such as stocks, real estate, or other investments, for...
by Michael Hogberg, EA | May 29, 2024 | Updates
Retirement planning is not just about saving money; it’s also about understanding and managing the tax implications of your retirement income. Effective tax planning can help you maximize your retirement savings and minimize your tax liability. Here’s what you...
by Michael Hogberg, EA | May 22, 2024 | Updates
A mid-year tax checkup is an excellent way to ensure you’re on track with your tax planning and financial goals. By reviewing your tax situation in the middle of the year, you can make necessary adjustments, take advantage of tax-saving opportunities, and avoid...
by Michael Hogberg, EA | May 15, 2024 | Updates
Receiving notice of an IRS audit can be daunting, but with the right preparation and understanding, you can navigate the process smoothly. An IRS audit is an examination of your tax return to ensure the information you provided is accurate. Here’s a guide on how to...