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Short-Term Capital Gains Tax: What You Need to Know Before You Sell
What difference does it make if you sell shares of common stock, crypto, or a small business asset held for 9 months vs. 13 months? Simple answer: that one-year threshold marks the difference between “ordinary income tax” and “preferential capital gains tax.” But what does it mean for your tax bill? That’s the answer you’ll…
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End of Year Tax Tips for Growing Business Owners: What to Do Before December 31
The difference between a smart business owner and one who ends up overpaying on taxes is timing and strategy. Smart business owners know that applying end of year tax tips before December 31 can maximize deductions, improve cash flow, and give them the confidence to reinvest in their business, all while keeping their finances under…
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1099 Independent Contractor Taxes: A Guide for Contractors and Businesses
Hiring 1099 independent contractors can simplify payroll and “avoid” payroll taxes, but also brings potential tax and compliance issues. Businesses (especially construction and contractor firms) must correctly classify workers, issue the right tax forms, and handle reimbursements properly. Misclassification is costly: if the IRS finds that a contractor was really an employee, your business can…
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Attracct Wrapped: 2024 by the Numbers
Tax Advisory Services Debuted at the Top of the Charts! Before we dive into the early tax season for 2025, we’re looking back at all the incredible highlights, new services, and behind the scenes moments of 2024. From major memes to client financial wins, we’re reviewing it all in our Attracct Wrapped! 106 New Client…
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