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....
5 Signs You Might be Overpaying Taxes
The end of the financial year (EOFY) is an important time for your business. It's a time to reflect on your successes and failures over the last 12 months and to set goals for the coming year. It's also a time to review your expenses and ensure you're up-to-date with...
Simple steps for a smooth accounting year-end
Simple steps for a smooth accounting year-end: For many firms, accounting is such a huge pain point. It's time-consuming and tedious and can often lead to big headaches come tax season. We just entered Q4, and it'll be time for year-end tax filings before you know it....