Sarah Smith

reduce your taxable income

12 Ways to Reduce Your Taxable Income Before the End of the Year

Managing your tax liability effectively starts with understanding how to reduce your taxable income. Whether you’re a business owner, W-2 employee, or self-employed professional, implementing strategic tax reduction methods can significantly lower your annual tax burden. This guide outlines twelve proven strategies to help you minimize what you owe while staying compliant with IRS regulations. […]

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oregon kicker tax credit

Oregon Taxpayers Will Receive ‘Kicker’ Tax Credit in 2026

Oregon taxpayers are receiving a $1.41 billion surplus refund from the 2023-2025 budget cycle and here’s everything you need to know about claiming your share of the Kicker. Understanding the Kicker Law What triggers it: Why it happened this time: Eligibility Requirements You must meet ALL of these criteria: Important filing note: Calculating Your Kicker

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is tax planning right for me

Is Tax Planning Right for Me?

You file your taxes every April, you get your refund (or pay what you owe), and you move on with your life. So why would you need tax planning? The truth is, if you’re asking “is tax planning right for me,” you’re probably already experiencing signs that reactive tax preparation isn’t enough anymore. Tax planning

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coach salary cap

New Bill Might Cap College Coaching Salaries

College football coaching salaries and buyouts continue to soar, and a new federal proposal aims to bring greater accountability and balance to the system by putting a cap on salaries. U.S. Representative Michael Baumgartner (R-Wash.) has introduced the Correcting Opportunity and Accountability in Collegiate Hiring (COACH) Act, legislation designed to limit how much schools can

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worker misclassification

What Is Worker Misclassification? (And Why Should You Care?)

Worker misclassification occurs when employers incorrectly label employees as independent contractors, creating serious legal and financial consequences for businesses of all sizes. What Is Worker Misclassification? Worker misclassification happens when a business treats someone who should legally be classified as an employee as an independent contractor instead. While independent contractors offer flexibility and reduced overhead,

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tax season prep checklist

Tax Season Prep Checklist for Business Owners

Tax season doesn’t have to be stressful. With proper preparation, business owners can navigate tax filing smoothly and maximize deductions while avoiding costly mistakes. This tax season prep checklist helps you organize financial documents, verify accuracy, and ensure compliance before your deadline arrives. Whether you handle taxes internally or work with an accountant, following this

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outsourcing accounting

The Hidden Benefits of Outsourcing Your Accounting

Most business owners consider outsourcing accounting primarily as a cost-cutting measure. While reduced expenses matter, the hidden benefits of outsourcing your accounting extend far beyond your bottom line. From accessing expert knowledge to gaining strategic insights, outsourcing accounting delivers advantages that transform how you run your business. Let’s explore the often-overlooked benefits that make outsourcing

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