by Michael Hogberg EA | Dec 3, 2024 | Updates
Electing S Corporation (S Corp) status can be an excellent tax strategy for many small, solo-owner businesses, but it isn’t a one-size-fits-all solution. While the potential tax savings are appealing, S Corp status introduces additional responsibilities and...
by Michael Hogberg EA | Nov 20, 2024 | Updates
Tax compliance is more than just a routine obligation—it’s a safeguard against mistakes that could upend your life and business. Yet, every year, stories emerge of business owners and individuals who take shortcuts, trust the wrong advisors, or engage in outright...
by Michael Hogberg EA | Nov 12, 2024 | Updates
Takeaway: Getting a clear view of your tax position before the year ends provides clarity, reduces stress, and positions your business for continued success. With the guidance of a dedicated tax advisor, you can turn tax season into a strategic opportunity rather than...
by Michael Hogberg EA | Nov 5, 2024 | Updates
Today is Election Day—an invaluable opportunity to collectively influence policies that shape the financial landscape for business owners and individual taxpayers alike. As you consider tax strategies for the coming year, remember that voting also plays a critical...
by Michael Hogberg EA | Oct 29, 2024 | Federal Tax, Updates
As the end of the year approaches, business owners may find themselves tempted to hold off on tax planning until tax preparation season. But waiting until it’s time to file returns is a mistake that often proves costly. Strategic planning throughout the year,...
by Michael Hogberg EA | Oct 22, 2024 | Federal Tax, Updates
If you’ve received IRS Letter 11, the Final Notice of Intent to Levy, the IRS is preparing to take serious action to collect unpaid taxes. This letter is a clear warning that your wages, bank accounts, or other assets may be levied (seized) if you don’t act fast....