Silver & Dackman

With inflation rising, married couples may be worried about how this could affect their tax rates. Luckily, the IRS has taken this into account and made adjustments to the 2023 tax code to help married couples pay the same effective tax rate as in 2022 even though their income increased:

Inflation and Taxes: A Married Couple's Taxes Stay the Same? The IRS’ inflation adjustments for 2023 would help a married couple pay the same effective tax rate as in 2022 even though their income increased.

Lower the odds of your business getting an IRS audit by using these “DIF” savvy tips when filing this tax season: https://bit.ly/3DjMMHX

Jan. 23 marks the official kickoff to tax season! Now anyone can start filing their returns before the April 18 deadline. The IRS has a few helpful tips to remember as you put your 2022 tax return together: https://bit.ly/3R50DYe

All homeowners have probably heard the terms “real estate taxes” and “property taxes” used interchangeably, but is there a difference?

While in most cases the difference doesn't matter, technically, they aren’t exactly the same and rates can vary wildly from one state or region to another.

This in-depth breakdown will tell you exactly where and when the difference matters: https://bit.ly/3wnPHvf

Don't let the U.S. Tax Code overwhelm you! Most everyday taxpayers only need to understand a few important things: if you have to file, when you have to file, and what you may have to pay.

What could tax season look like for you? https://bit.ly/3XKm4Qp

Did you know, according to a study in the New England Journal of Entrepreneurship, entrepreneurs with a business plan are more successful than those without one? If you're running your small business without a full financial plan, you could be missing out on massive profits!

Start crafting your own with these six key elements of a successful small business financial plan: https://bit.ly/3Hf8vDd

We at Silver and Dackman wish you a happy and safe Martin Luther King Jr. Day!

As a business owner, you need to pay taxes on your business's profits, But if you're doing your bookkeeping correctly, you'll find there are ways to keep some of the value your business generates.

Are you missing these top tax deductions in your business expenses? https://bit.ly/3XuMdCJ

Once the calendar year ends, investors have limited ways to really reduce their taxes, but there are still some areas to pay particular attention to when looking to maximize their deductions. Here's how to take advantage of these seven top tax tips: https://bit.ly/3kbylyM

The wrong tax filing mistake could lead to an IRS audit, an ordeal that results in lost time and productivity that will negatively impact your business's bottom line. Here are some of the top mistakes small business owner's make when filing their taxes and how to avoid them: https://bit.ly/3iqvykY

As the filing date approaches, it's time for taxpayers to prepare to receive the best possible tax refund. Two tax experts discuss the impact of inflation on tax brackets, emerging tax trends and practical tips taxpayers can make now for a better tax refund: https://bit.ly/3GIhkVU

Your business's balance sheet can help you optimize cash flow and run your business more efficiently, as well as show potential lenders or investors that your business's finances are strong. Learn all the necessary parts of a strong balance sheet and how to improve it to increase your chances of landing funding: https://bit.ly/3i7mAJn

Many people try to file their taxes as soon as the filing window opens to get their refund quicker, but according to tax experts and the IRS, you may want to wait this year. More taxpayers could be receiving a form 1099-K reflecting income from gig work or the sale of goods and services through third-party payment processors such as Venmo, Zelle, or PayPal: https://bit.ly/3Z1rf01

We hope you and your loved ones have a great time celebrating the New Year!

The demand for faster, safer, and more convenient payment methods like contactless transactions is on the rise. Is your business prepared for the newest wave of digital payment methods?

Here are five trending digital payment methods consumers will prefer to use in the coming years: https://bit.ly/3jxBsAT

President Biden recently signed a massive year-end $1.7 trillion budget bill that includes a piece of bipartisan retirement savings legislation called the SECURE 2.0 Act of 2022. Read more to learn how this will reshape retirement tax incentives for years to come: https://bit.ly/3WMFoMA

We wish you and your family happy holidays!

Tis the season for giving, and there’s still time in the year for retirees to benefit from the tax advantages of charitable donations. Before you give up on giving in 2022, consider five charitable donation techniques that are popular among retirees: https://bit.ly/3FJGtxL

As you collect all the necessary information for the upcoming tax season, you may wonder where you fall with credit card interest. While it is not tax-deductible for personal expenses, it may be eligible if you use a credit card to pay business expenses: https://bit.ly/3G5DTmU

A bad economy can hit small businesses the worst, but there are ways to prepare, such as improving cash flow, debt and inventory management, so you can help your business stay afloat: https://bit.ly/3uVonUn

When you're planning for retirement, chances are you're not thinking about the impact of federal and state income taxes. Plan ahead and take a look at the 12 common sources of retirement income you're likely to be taxed on: https://bit.ly/3hwYU0p

For many business owners, forming an LLC is an easy choice since it can help to simplify tax filing and reduce the legal liability of its members. Use this guide to weigh the pros and cons of an LLC to see if it's the best choice for your business: https://bit.ly/3Pk9S5U

The holiday season signals that it’s time to do some end-of-year financial housekeeping. Here's how to perform a simple and easy year-end financial check up to set yourself up for a more prosperous 2023: https://bit.ly/3uDSgZb

Cost-cutting can be a useful tool for business owners, especially when they are experiencing financial difficulties. The challenge is deciding where to cut expenses without negatively impacting other areas of the business. Here are 5 ways to help reduce expenses while maintaining a smooth workflow and a full staff: https://bit.ly/3XW3khL

It's never too early to make sure you're prepared for the upcoming tax season. Take these 7 steps now to make next year's tax filing simple and easy: https://bit.ly/3VIVLcq

When you make a profit from selling an asset, you owe what is called capital gains tax on it to the U.S. government. But what you pay depends on your total income and how long you’ve held onto those assets: https://bit.ly/2wXcAqi

With new tax laws taking effect this upcoming tax season, use these tips and guidance to ensure your business is well positioned come tax time: https://bit.ly/2R1gqXD

From travel to gifts for the whole family, it can be easy to overspend during the holidays. Before you go for those Black Friday deals, here are a few ways to make sure you still get great gifts without going overboard: https://bit.ly/3Vlt3y1

We hope you and your loved ones have a wonderful Thanksgiving weekend!

This Small Business Saturday is shaping up to be a big one for business owners, with the results of multiple surveys showing that consumers have more interest in shopping small this year than years past: https://bit.ly/3EQKMIs