7 Strategies to Reduce Taxes When Facing a Long-Term Capital Gain - When it comes to selling a business, real estate, or any other large asset, many people don't realize the significant tax implications until it's too late. A unique life event like this—where there’s...
Boost Your Business: The Importance of Regular Financial Check-Ins
Boost Your Business: The Importance of Regular Financial Check-Ins - I want to discuss a topic that’s often overlooked but is absolutely crucial for the success and longevity of your business: regularly checking your finances. It’s easy to get caught up in the daily...
Are You Throwing Away Money on Taxes? Here’s How to Stop
Saving money on taxes doesn't have to be as complicated as many people think. While the implementation and audit-proofing processes require effort, identifying tax savings opportunities is straightforward. Here are key strategies to help you reduce your tax burden and...
Spring Clean Your Finances: Post-Tax Season Strategies for Fresh Success
Spring Clean Your Finances: Post-Tax Season Strategies for Fresh Success- As the owner of Phillips Business Group, I have seen firsthand the aftermath of tax season—it's like a season finale of your favorite drama series, but with more paper and less popcorn. And just...
Tax Professional: Small Biz Necessity
As a small business owner or an S Corporation owner, navigating the complex tax laws can be overwhelming. However, with the help of a tax professional, you can save money on your federal income taxes while staying compliant with IRS rules. In this blog post, we'll...
7 Mistakes to Avoid Heading into New Year
7 Mistakes to Avoid Heading into New Year: As we head into the new year, many of us are focused on setting goals and making plans for the coming year. But for business owners, it's important to take a moment and reflect on how they can set themselves up for success....