Silver & Dackman

01/31/2023

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:

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.

01/27/2023

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

01/25/2023

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

01/23/2023

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

01/20/2023

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

01/18/2023

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

01/16/2023

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

01/13/2023

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

01/11/2023

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

01/10/2023

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

01/06/2023

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

01/04/2023

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