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Tax Strategy

Missed Tax Deadlines: What You Need to Know

By Tax Strategy, Taxes No Comments

Missing a tax deadline can feel like a sinking ship and understanding the implications and knowing how to navigate the aftermath is key to staying afloat. Today, we’ll dive into the specifics of missed income tax deadlines, shedding light on penalties, extensions, and potential remedies.   Penalties for Missed Deadlines   Let’s break it down. When you miss an income tax deadline, you may face…

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Which Bookkeeping Software should you Use?

By Bookkeeping, Tax Strategy, Taxes No Comments

If you’re keen on managing your own bookkeeping but don’t know where to start, this guide is tailored just for you. In this video, we’ll cover the basics of bookkeeping, explore different tools available, and dive into using Excel for your bookkeeping needs.   Choosing the Right Tools   While there are various software options available, we’ll focus on Excel for its accessibility and familiarity….

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A Guide to Doing your Bookkeeping in Excel

By Bookkeeping, Tax Strategy, Taxes No Comments

Are you ready to take control of your finances and tackle bookkeeping head-on? Whether you’re a small business owner or a freelancer, maintaining accurate financial records is crucial for success. Today, we’ll walk you through the ins and outs of setting up your own bookkeeping system using the power of Excel.   Step One: Get Started with Incite’s Template   If you’re new to bookkeeping…

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How the Rich are Saving on Taxes

By Tax Strategy, Taxes No Comments

A recent question we received had us take a deep dive into the idea of paying taxes like the rich. But what does that even mean? Let’s dissect this loaded question and explore strategies used by different income brackets to navigate the tax landscape.   Defining “Rich” in the Tax Code   First things first, what constitutes being “rich” in the eyes of the tax…

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