Depreciation 101

Depreciation 101

What Is Depreciation?  If you own your own business, you’ve probably heard the term depreciation before, but you might not understand exactly what it is, or how it’s calculated. When it comes to managing your business taxes, depreciation is an important concept, so...
Understanding Capital Gains

Understanding Capital Gains

Using Capital Gains Tax Treatment to Save on Taxes Understanding capital gains is important if you are trying to optimize your taxes and keep more of what you earn. Capital gains tax rates are typically lower than ordinary income tax rates, so using capital gains...
What is a Section 105 Plan?

What is a Section 105 Plan?

Section 105 Plans: Everything You Need to Know About Saving on Medical Expenses With Tax-Free Reimbursement What is a Section 105 plan? A Section 105 plan is a health benefit offered by some employers that allows them to reimburse you for medical and insurance...
HSA Pros and Cons

HSA Pros and Cons

Understanding the Pros and Cons of a Health Savings Account (HSA) A health savings account (HSA) can be a great way to save money on your healthcare expenses, but to use them effectively, it’s important to understand how they work and the potential drawbacks. If...
Fourth Quarter Tax Tips

Fourth Quarter Tax Tips

It feels like summer vacation was just here, but as soon as the kids went back to school, stores and local businesses started pulling out the Halloween supplies, and now, with two weeks left in October, Christmas decorations are already taking over many retail...