Ready to talk about using "Smaller Plates"? Are you confused yet? Allow me to clarify what is meant when we say "smaller plates", because no, I am not referring...
Read More
Who doesn't love to travel? Especially the idea of writing it off as a business expense. If you are traveling often for your business it is imperative that you learn...
Read More
Coaching Classification can be a real head ache. 1099 VS W2... which is a better classification for your coaches? Today, I am going to share a tip on a topic...
Read More
New You with the New Tax Laws You open your email like you normally do at that time of day and start skimming. You notice and email with the subject...
Read More
Are you so sick of paying taxes? Have you or someone you’ve heard say things like: I’m sick of paying taxes! I cannot believe how much I have to pay the IRS this year! I don’t get how I owe so much based on how little I feel like I’m talking home! It’s a little known fact that these negative feels around taxes (which the…
Do You Have a Dream Team?? Oh my gosh, can I tell you a story…? I was golfing earlier this week with some clients. I was at the tee box of a par three and getting the distance in preparation for my shot. It was 153 yards out so I pull my 9 iron out. That distance was kind of in between clubs for me……
Audit Triggers Can Be Avoided. You just can’t let any of these COMMON mistakes happen with your situation. “Hey, I’m so excited, I just got an IRS letter” – said no one EVER! Maybe you’ve been there. Maybe you’ve hoped it will never happen. And we don’t ever want you to go through one either, so sit back, take note, and go through our list…
If you ever stress about how much your tax bill is going to be then THIS will solve that immediately. Most of you know Incite Tax does CrossFit. That means we’re smart and “fit”… or at least pursuing it. I bring this up because I had an interesting experience today at the gym. If you’re not familiar with CrossFit you have a group session where…
Good News – You know a Tax Genius with the Best Tax Strategy that’s AUDIT PROOF Today I want to talk to you about something that will have you grin from ear to ear. It’s not something cheesy. And you know how we avoid the fluffy tax strategy sandwiched with sexy words to make it sound better than it is. Today is no different. It’s…
A Strategy You’ll Want to Use Right Away – The Business Presentation Expense So at this point you’ve probably heard at least some of the tax law changes with this big TAX REFORM. And if you’ve read what we put out in our community you’ve heard all the big changes that apply to you in your situation. I know reading up on “taxes” is nothing…
I do hope you have found something of value in these posts. This is our last one on tax reform changes. Cash Method of Accounting I admit this topic relates to a smaller portion of business owners, but it deserves a quick mention. Before, a business that does more than $5 million in revenue would need to file their taxes on the “accrual” method. After,…
There is a lot here, so let’s just dig in. Individual Tax Rates I am not going to post the exact tax rate changes. Just know that the brackets were reduced by 2% for most brackets. The only people who really won’t see a change are those that had income below $14,000. And the reason they don’t see a change is because they aren’t really…
