What is Tax Avoidance? How Is It Different From Evasion?
Published on September 29, 2023
Taxes – a topic that every small business owner grapples with. It’s essential to understand the distinction between tax avoidance and tax evasion and to employ effective strategies to legally reduce your tax liability. Tax Avoidance vs. Tax Evasion: Know the Difference Tax Avoidance: This is the legal way to minimize your tax burden […]
Idea Box Strategy
Published on September 25, 2023
Qualify More Meals & Entertainment For Deductions With The Idea Box Strategy. Running a successful business often involves wining, dining, and entertaining clients, partners, and employees. While these activities are enjoyable, they can also be costly. However, savvy business owners have discovered a creative way to turn these expenses into valuable deductions while fostering […]
Is “Never Too Late” A Lie?
Published on September 21, 2023
In some aspects of life, yes, yes it is. Nonetheless we are only going to talk taxes today, and it’s never too late to get smarter about money. It’s also not too late for you to save a lot this year. At ISCPA, we value logic, honesty, and making the numbers work in your […]
Mostly Unconventional Ways To Spend $20k
Published on September 19, 2023
Mostly Unconventional Ways To Spend $20k If you’re a business owner and you come into a windfall of $20,000.00 – you’d probably want to make the most of it. Let’s explore some unconventional yet potentially rewarding ways to spend or invest $20,000.00. Invest In Agricultural Land Overseas (Estimated Return in 5 Years: 20-30%) […]
Surprise Tax Bills
Published on September 14, 2023
Surprise Tax Bills Receiving surprise tax bills excite nobody, except perhaps those with a penchant for financial domination. Whether it’s due to unexpected profits, changes in tax laws, or other factors, surprise tax bills can put a strain on your finances and your relationship with your accountant. In some cases, the latter is justified […]