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Credit Tips February 15, 2024

9 Common Tax Mistakes by LLC Owners & How to Avoid Them

It’s no secret that limited liability companies (LLCs) are popular due to their flexibility and strong protection of personal assets, among other selling points. However, despite their advantages, many LLC owners often make tax mistakes that can result in various financial setbacks.  Here are some of the common ones you need to keep in mind […]

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Credit Tips February 14, 2024

Seven Common Tax Deductions for LLCs You Should Know

Limited Liability Companies (LLCs) are one of the most popular business structures in the country, thanks to their pass-through tax status.  Unlike corporations, LLCs don’t have to pay corporate taxes. Anything the company earns or loses goes to its owners, who must include them in their tax filings. But aside from this, LLCs can also […]

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Credit Tips January 11, 2024

Foreign Income Tax: What You Need to Know

Living in a globalized world comes with its fair share of perks, such as the ability to explore diverse cultures, traverse stunning landscapes, and embrace a lifestyle that transcends borders.  However, these exciting opportunities also come certain responsibilities, one of which is navigating the intricate landscape of foreign income tax.  For expatriates and frequent travelers, […]

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Credit Tips January 9, 2024

Understanding the Kiddie Tax: How Children’s Investment Income is Taxed

In taxation, few concepts spark as much curiosity and confusion as the Kiddie Tax. This unique tax provision is one of the lesser-known aspects of the US tax code and has been put in place to address a specific scenario for families: the investment income of children.  While most taxpayers are familiar with the basic […]

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Business Funding Tips January 5, 2024

5 Essential Tax Tips for Small Business Owners

Tax season can be overwhelming for business owners, but with the right knowledge and preparation, it doesn’t have to be overwhelming. Understanding the tax laws and implementing effective strategies can help you save money and avoid potential headaches in the long run.  Whether you’re a budding entrepreneur or a seasoned business owner, these tax tips […]

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