The failure of SVB is likely due to many causes and events but the underlying cause is simple: They did not have money when they needed it.
How to Maximize Your Tax Refund for 2022
Written by Charles Renwick. Published by Quicken on September 20, 2022. https://www.quicken.com/blog/how-to-maximize-your-tax-refund Another year-end is approaching and it’s time to start thinking about taxes. “But I get a W-2. There’s nothing I can do for tax planning!” I hear this a lot. It is true, the options available to W-2 employees are more limited than […]
Want to Save Taxes? Maximize Deductions and Use the S-Corp Structure
Tax guidance is provided by Charles Renwick, CPA. Everyone’s situation is different and the general guidance provided herein should only be used as a starting point for assessing your individual and business tax situation. You Are a Small Business Owner – Take Taxes Seriously Do you own a small business? Are you a real estate […]
When is tax due on Series EE savings bonds?
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them. You may wonder how the interest you earn on EE bonds is taxed. And if they reach final maturity, you may need to take action […]
How to treat your business website costs for tax purposes
These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website isn’t so easy. That’s because the IRS hasn’t released any official guidance on these costs yet. Consequently, you must apply […]
Uncle Sam may provide relief from college costs on your tax return
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities — and $35,830 for students at private not-for-profit four-year institutions. These amounts don’t include room and board, books, supplies, transportation […]