Introduction: 2024 Tax Season Wrap Up

Tax season has finally wrapped up and I can finally relax a bit. This was my ninth tax season working for myself, and I have to say it was the most successful tax season to date. This is in terms of the amount of money I made and that it was mostly stress-fr...

My family emigrated to this great country of America in the 1970s. My dad had $70 in his wallet, a wife and kids in tow. He was very smart, educated as a CPA in the Philippines. He had a bold business plan with other like-minded men. They came to this country legally and with the American dream s...

Could we be on the path towards another Great Depression? Right now, signs in our economy might be pointing - to yes. Despite what you hear about our strong economy and robust financial systems, there are echoes of the 1920s that can't be ignored.

Introduction: The Great Depression of 1929

Back...

Tax season just ended and one of the number one questions that I've been getting is with people who end up owing the IRS when they get the results of their tax return back.

And the reason they owe is because they haven't withheld enough Federal withholding taxes from their employer. In other wor...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your si...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your si...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series designed to demystify the tax implications of y...

Here's how you can legally pay zero or no taxes on your side hustle income.

Now, I know what you might be thinking – the idea of paying little to no taxes on your side business income might seem too good to be true. But stick with me!

We will explore some completely legal and smart strategies t...

Today, I wanted to address a common mistake with S Corporations, and how owners/shareholders often incorrectly deduct their health insurance premiums.

I'll give you a high-level overview of how this works within an S Corporation structure – no deep dive, just the essentials you need to know. Thi...

If you owe any amount of money to the IRS, I'm pretty certain there would be penalties included in the tax-due amount. These penalties can add up, sometimes even doubling the amount due.

In this blog post, I'm going to share a little-known secret to getting those penalties abated with a simple p...

Did you know that some of the most common things people believe about taxes is actually wrong?

I'm a CPA and I've been unraveling the complexities of taxes for decades. Today, I'm going to share my top five misconceptions about taxes that might just surprise you.

Whether you're a tax pro who th...

Tax day is right around the corner and suddenly you realize you're not quite ready to do your taxes. So the idea of filing a tax extension comes into consideration. It's a very common scenario, but is that the best decision for your situation?

Let's dive in and discover if filing a tax extension...