Beyond the Numbers
Our Beyond the Numbers blog is published with articles on a monthly basis.
Shrinkflation is Upon Us!
Inflation is upon us, and a hidden gem used by companies to combat price increases is often hidden from the unaware. It’s called shrinkflation. Here’s what you need to know about this hidden price hike and what you can do to cope with its effects. Defining...
Your Business Mileage Deduction Just Became More Valuable
Your business mileage tax deduction just became more valuable for the rest of 2022 after a recent announcement by the IRS. This applies to personal vehicles being driven for business use. Starting July 1, the IRS's business mileage rate is increasing by four cents, to...
SALT Workaround for State Taxes in 2022
The following article written by Randy Sprenger, EA, our Estate & Trust Manager applies to S Corps and Partnerships and their owners. What is SALT? No, it's not just pepper's companion. In the tax world, SALT stands for State And Local Tax, and is the acronym for...
Banking Tips to Help You Cash In
Your cash is parked in a bank account. Do you know if it's making or losing you money? Here are some ideas to help you make the most of your banked cash: Understand your bank accounts. Not all bank accounts are created equal. Interest rates, monthly fees, minimum...
Money Management Tips for Couples
Couples consistently report finances as the leading cause of stress in their relationship. Here are a few tips to avoid conflict with your partner or spouse. Be transparent. Be honest with each other about your financial status. As you enter a committed relationship,...
Hustling for Extra Income
From supplementing their current income to replacing income that was lost because of layoffs, the pandemic or other reasons, many people have started side hustles over the past 2 years to help make ends meet. If you currently have a side hustle, don't forget about the...
Start Your Tax Planning NOW!
Keeping your taxes as low as possible requires paying attention to your financial situation throughout the year. Here are some tips for getting a head start on tax planning for your 2022 return: Check your paycheck withholdings. Now is a good time to check your tax...
Make Your Child’s Summer Break a Tax Break
As a busy working parent, you may be on the lookout for activities that are available for your kids this summer. There may be a solution that’s also a tax break: Summer camp! Using the Child and Dependent Care Credit, you can be reimbursed for part of the cost of...
Six Simple Ideas to Help Your Small Business
Here are six ideas to help your business grow and thrive this summer. Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the day, you need enough cash to pay your vendors and your employees. If...
Making Your Home Office a Tax Deduction
The home office deduction is a great tax break for the millions of Americans who are now working from home, either occasionally or full-time. But there’s one huge catch…you can’t be an employee! That’s right, if you’re working from home for an employer, you normally...