Does being in a higher tax bracket mean I take home less money?

Many people think that when their income increases by just enough to push them into a higher tax bracket, their overall take-home pay, or net pay, will decrease. This assumption is incorrect. The United States has a marginal tax rate system, when an increase in income pushes you into a higher tax br...   Read More

Deductions vs Credits

We receive a lot of questions from our clients  about whether or not they can write off certain items on their tax returns, such as education credits so they can get a bigger refund. Give the popularity of this question and since we are in the heart of tax season, the timing to address this [&helli...   Read More

Does This Increase My Audit Risk?

If you are wondering if doing a specific planning item will increase your audit risk, or if you’ve wondered how audit selection works, we can break this down for you,.   With every business return that gets filed, there is a specific 6 digit code that is included based on the industry you are...   Read More

Do You Need To File A Tax Return In 2019?

Tax season kicked off on Monday, January 28, 2019, and the Internal Revenue Service (IRS) expects to process more than 150 million individual tax returns for the 2018 tax year. According to the agency, “through mid-day Monday, the IRS had already received several million tax returns during the bus...   Read More

3 Big Investing Myths Explained

Surprisingly some broadly held beliefs about investing are quite wrong according to academic research. Here are three of the major disconnects between how we might think the financial markets work and the real world. This is based on what academics have learned over past decades through research. Yo...   Read More