Tax Updates, Changes, and Common Hiccups in the 2023 Tax Season
Want to listen instead of reading? This blog was written from Episode 54 of Business by the Numbers. Click here to listen! Here we find ourselves in February with Tax…
Helping The Next generation be Financially Responsible
Prefer to listen? Check out Podcast Episode #54 in Business by the Numbers Here: https://paarmelis.com/business-by-the-numbers Many people don’t know where to start in helping kids learn to be financially responsible.…
Preparing for Tax Season 2023
In the previous blog, we talked about the Federal Reserve minutes and the economic outlook for the rest of the year (https://paarmelis.com/how-we-got-here-and-where-were-going-business-outlook-2023/). Overall, my prediction was a flat year. I…
How we got here and where we’re going: Business outlook 2023
Let’s start off with a prediction: 2023 will be a flat year. The first 2 quarters will be the tipping point for the rest of the year. The 3rd and…
What is Your Time Worth?
While this might seem a little off the beaten path in terms of accounting, finance, and taxes, I find this to be an incredibly valuable concept to understand. Profit is…
5 Useful Tips for Tax Planning
Welcome to the end of 2022! If you’ve made more money, then tax planning is the best thing you can do to ensure you see as much of that…
How to Avoid Taxes While Selling Real Estate
Did you know there actually is a way to sell real estate and pay no tax on it? A 1031 Exchange can allow a business owner to sell their property…
Update on the ERTC
The ERTC (Employee Retention Tax Credit) can cause a lot of confusion to small business owners. There are several layers to figuring out how and if you qualify. The good…
Understanding Inflation and Interest Rates
We know that inflation is currently at a 40-year high. And we know that is not a good thing. But do we know why? And how does that affect interest…
Tax Changes for 2022
2022 is already halfway over! There have been quite a few changes to tax rules for this year already (as there are every year) and we outline some important ones…