If you own a small business, a new law could impact how you operate. The Corporate Transparency Act (CTA) took effect in 2024, introducing new reporting requirements that many small business owners must be aware of. Why it matters: The CTA requires certain businesses to file a Beneficial Ownership Information (BOI) report with the government. The post 7 Things You Need to Know About the New Business Reporting Rules appeared first on Blog ..read more

Cryptocurrency has rapidly gained traction as a significant player in the financial world. What started as a niche interest has become a significant investment class. Over the past year, the value of cryptocurrencies has shown strong performance, drawing more and more people into the world of digital investments. This trend is especially prevalent among younger The post Understanding Crypto and Capital Gains appeared first on Blog ..read more

If you own a small business, a new law could impact how you operate. The Corporate Transparency Act (CTA) took effect in 2024, introducing new reporting requirements that many small business owners must be aware of. Why it matters: The CTA requires certain businesses to file a Beneficial Ownership Information (BOI) report with the government. The post 7 Things You Need to Know About the New Business Reporting Rules appeared first on Blog ..read more

Putting together a plan to save for retirement can be a bit confusing with all the options that are available. In addition to employer-sponsored plans, there are individual plans, which further complicates the process of figuring out what’s right for you. Two popular choices are Roth IRA and Roth 403(b) plans. The main benefit of The post Roth 403(b) vs. Roth IRA: Which Should You Invest In? appeared first on Blog ..read more

As a business owner, you can take advantage of deductions and write-offs to lower your tax liability when you file — but there are rules. If you use your home for business, you may be eligible for a deduction for the percentage of your home that you use exclusively as a workspace. Here’s what you The post Using Form 8829 to Write-Off Business Use of Your Home appeared first on Blog ..read more

Inflation’s cooling off, and the Federal Reserve is holding interest rates steady this summer. If you’re wondering how this impacts your wallet, your savings, and your taxes—you’re in the right place. We’ll explain how these changes affect your taxes and what IRS changes mean for you next tax season. The Fed and Interest Rates 101 The post Interest Rates, Inflation, and Your Taxes appeared first on Blog ..read more

Investing is one way to build wealth. But, understanding the tax implications is key for maximizing your returns. By managing your taxes well, you can keep more of your hard-earned gains. This guide provides essential tax tips to help you navigate investment taxation and make the most of your portfolio. Understanding Capital Gains Taxes on The post Essential Tax Tips for Maximizing Investment Gains appeared first on Blog ..read more

TurboTax is here to make your moves count. That’s why we’re partnering with the Atlanta Entertainment Basketball League (AEBL) to elevate up-and-coming basketball hoopers. TurboTax will be sponsoring the AEBL’s 8-week basketball season and their mission of using sport as a pathway out of poverty. Whether it’s financial fitness through your tax forms or physical The post TurboTax is Elevating Hoop Dreams in Atlanta appeared first on Blog ..read more

It’s official: we’re more than halfway through the year. Time flies, but don’t let your taxes sneak up on you. If you’re a small business owner, now is the perfect moment for a mid-year tax check-in. This isn’t just a routine task—it keeps your business on track and helps you avoid surprises at tax time.  The post Small Business Owners: Optimize Your Taxes with a Mid-Year Check-In appeared first on Blog ..read more

When you think of the Olympics, you probably think about the prestige of competing on the world stage. These athletes, having trained for most of their lives, get a chance to showcase their abilities to the world. For many, it is the apex of athletic achievement. As it turns out, in addition to fame, there’s The post Are Olympics Winnings Taxed? appeared first on Blog ..read more