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How Can I Save Money on Taxes?

By |2022-02-25T13:07:29-06:00July 29th, 2021|Better Guidance|

Saving money on taxes might be the most common question that a business owner has for their tax professional. But really, as a business owner, you should be asking how you can make the most of the current tax code, as it is written, and ensure your maximum refund. Unfortunately, most business owners are so busy [...]

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Why You Should Consider Establishing a Donor-Advised Fund

By |2022-02-25T13:17:39-06:00July 29th, 2021|Better Guidance|

With roots back to the 1930s, donor-advised funds (DAF) have become more popular as philanthropic vehicles to increase giving and reduce tax liability. But what makes a DAF so appealing, how do they work, and how can one decide if it would be the right choice for them? The goal of this blog will be to [...]

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Learn by Listening

By |2022-02-25T14:02:54-06:00June 11th, 2021|Better Guidance|

Listening is an essential communication skill.  One that is often overlooked when thinking about how to further conversation and build relationships.  By using these best practices, you can become a better listener and improve your communication skills as a result. Listen to What Others are Saying Sure, this sounds completely obvious, but when you really stop [...]

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Documents Needed to Prepare Your Tax Return 

By |2022-02-25T13:34:13-06:00January 31st, 2021|Better Guidance|

The documents you need to file your tax return depends on your situation and is different for everyone. Some individuals receive a W-2 from their employer, whereas others own a business and the documentation required can be more complicated. Consider what, if any, changes happened during the year.  Did you get a new job?  Did you [...]

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Providing and Accepting Constructive Feedback with a Mature Mindset

By |2022-05-18T09:13:35-05:00January 29th, 2021|Better Guidance|

Have you ever had constructive feedback for a co-worker, but were afraid it might hurt that person’s feelings? Have you ever received criticism from a supervisor or co-worker that upset you? Chances are that we’ve all encountered these two situations. Why is it so difficult to offer or accept constructive criticism? The answer is simple. If [...]

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Better Guidance for Business Owners

By |2022-02-25T14:31:35-06:00January 29th, 2021|Better Guidance|

As a business owner, you have the opportunity to grow your business purposefully and instill trust and confidence in your clients. I've worked with many business owners in my professional career and I've noticed a few key strategies that I'd like to share with you on your path to business success. Embrace Change and Adapt Those [...]

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Networking for New Accountants: Lose the Stress

By |2022-02-25T14:21:36-06:00January 4th, 2021|Better Guidance|

Public speaking can be an extremely stressful event at any stage of your career. Not to say that a green accountant fresh out of college has it any worse, but they may lack a few of the key factors that can make it just a little easier. For example, new accountants lack the knowledge, experience, and [...]

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Renting Space in Your Home: What You Need to Know

By |2022-03-04T13:50:15-06:00January 4th, 2021|Better Guidance|

Renting out a portion of your home can add income and help pay off your house. You can rent out your garage as a storage unit or part of your home to a small business or tenant. If you rent part of your main home, you must claim the rental income as part of your total [...]

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Form 1099-MISC & 1099-NEC – Changes and Best Practices

By |2022-04-06T09:11:38-05:00December 30th, 2020|Better Guidance|

Every year, businesses must issue 1099s to individuals and partnerships for payments issued of $600 or more for items such as rent, other income, contract labor, and payments to attorneys. Starting January 2020, payments for non-employee compensation, box 7 of 1099-MISC, will now be issued on the new form 1099-NEC box 1. Determining who must receive [...]

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The Hidden Tax Trap of Short-Term Rentals

By |2022-03-04T13:43:53-06:00December 30th, 2020|Better Guidance|

Some travelers want to experience the natural wonders of an area to feel like a local when they stay in a new city. They do not want to be confined inside a highway motel. They dream of staying in a quaint cottage, venturing out of an apartment into the jazz district, of feeling the vibe of [...]

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