Rae Trigg

While the chances of being audited by the IRS are relatively low for most taxpayers, certain red flags can increase the likelihood of scrutiny.

An annual report for an LLC is a document that must be filed each year (or sometimes every two years) with the state to keep the company in good standing.

Whether you’re saving for your child, grandchild, or even yourself, a 529 plan offers powerful tax advantages and flexibility to help you achieve your education savings goals.

Maintaining a separate business bank account ensures financial clarity and professionalism while avoiding significant issues that arise from mixing personal and business funds.

When businesses use vehicles, keeping detailed records is key to staying compliant with legal, tax, and insurance requirements for smooth operations.

Estimated tax payments are key for those with self-employment, investment, or non-wage income. Know the rules to avoid penalties and stay financially on track.

In this blog, we’ll explore the most common types of business entities, and provide an overview of the tax advantages and disadvantages associated with each.

As the year comes to a close, it’s time to get things in order to help your tax filing process go smoothly. A little preparation now can save you time, stress, and possibly money come tax season.

Saving for retirement is essential, and choosing the right retirement account can significantly impact your financial future. One of the most critical factors to consider is how taxes apply to these accounts. Retirement accounts generally fall into two categories based on their tax treatment: tax-deferred accounts and tax-free accounts.  Tax-Deferred Accounts Tax-deferred accounts, such as … Read more

This credit is designed to offset the various costs associated with adoption, making it more accessible for families to provide loving homes to children in need.

HSAs are designed to help individuals with high-deductible health plans (HDHPs) manage their healthcare costs more effectively.

It can be tricky to navigate taxes as a self-employed individual, but with the right strategies, you can stay compliant and maximize your savings.