When running a small business, managing taxes can often feel overwhelming. Many small business owners simply focus on meeting deadlines and filing their tax returns, unaware of the potential savings that could be achieved with a proactive tax strategy. Phillips...
Phillips Business Group LLC has been recognized as Houston's Best CPA Firm of 2024, raising the bar for tax advisory and financial planning in the city. Known for their creative tax-saving strategies, this firm helps small business owners reduce their tax overpayments...
In today’s world, having a side hustle has become almost as common as having a full-time job. Whether you’re selling handmade crafts, offering freelance services, or running an e-commerce store, side businesses offer a great opportunity to generate extra income and,...
How the Work Opportunity Tax Credit (WOTC) Can Help Your Business and Community: Running a business means you're always looking for ways to save money and make a positive impact. The Work Opportunity Tax Credit (WOTC) is one of those hidden gems that can help you do...
As a small business owner, acquiring new vehicles or equipment is a decision that comes with significant financial implications. One of the most common questions that business owners face is whether to lease or buy these assets. The answer isn’t always...
Depreciation is a powerful tool that can significantly impact your business's financial health. As a business owner, understanding how to leverage different types of depreciation can help you maximize tax benefits, manage cash flow, and make informed decisions about...
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