Tiffany Cox Design Blog
Marketing tips and tricks for the everyday entrepreneur
Economic impact payments How will they affect your 2020 return? As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the IRS made economic impact payments (EIPs)… [read more]
What makes sense for you? The year is almost over, and you want to reduce your taxable income. What options are still available? The answer depends on your specific financial… [read more]
Reasonable compensation Is your S corp paying you enough? Entrepreneurs often struggle with the question of how much to pay themselves. The underlying rule is that individuals who own and… [read more]
Charitable Contributions Nonitemizers can claim a deduction The CARES Act makes two significant changes to the rules governing charitable deductions for individuals. Individuals will be able to claim a $300… [read more]
Health Savings Accounts A closer look at the benefits Health savings accounts (HSA) are used in conjunction with a high deductible health plan and offer four tax advantages compared to… [read more]
Preparing for your appointment Make sure to have all your documents Nothing makes a tax preparer happier than a prepared client. Here are a few tips for going to your… [read more]
Mid-year Checkup As you reviewed your tax return this year, were you surprised by the results? Many people were shocked by their balance due. So many, in fact, that the… [read more]
Earning money from a side job? Tips for avoiding the hobby loss rules Like many of us, you’ve probably dreamed of turning a hobby or pastime into a regular business…. [read more]
Working from home? Know what’s deductible If you’re self-employed and use part of your home for business, you may be able to deduct expenses allocable to the business use. The… [read more]
