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Worst TikTok Tax Advice This Week
Every week I think it can’t get worse, and it does. Amad the Marketer is out here telling all the innocent taxpayers on TikTok that the...

Andrew Oakley, CPA
Nov 28, 20231 min read
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Withdrawing an ERC Claim
The Employee Retention Credit (ERC) was a vital lifeline for many businesses during the pandemic's economic uncertainty. The IRS has...

Andrew Oakley, CPA
Nov 22, 20232 min read
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IRS Introducing Business Tax Accounts
I can’t emphasize enough what a great announcement this is. Gone are the days of paper forms and endless phone calls when managing your...

Andrew Oakley, CPA
Nov 15, 20232 min read
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What Makes Good Bookkeeping?
If your books are a mess and you swear you’ll do better in 2024, it’s important to understand what exactly makes your books (accounting...

Andrew Oakley, CPA
Nov 13, 20232 min read
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A Unique Way to Avoid Estimated Tax Underpayment Penalties
This one goes out to S-Corp owners. We all know the IRS likes their hot little hands on your money during the year, and thus if you’re...

Andrew Oakley, CPA
Nov 13, 20231 min read
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Get Your Solo 401(k) Created
If you’re a sole-proprietor, a single-member LLC or a corporation with no employees except your spouse and don’t currently have a...

Andrew Oakley, CPA
Nov 13, 20232 min read
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Understanding Nexus (for taxes)
I’ve seen plenty of business bros playing tax man make this claim online, but what they’re failing to understand is the principle of...

Andrew Oakley, CPA
Nov 13, 20231 min read
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IRS Free File Announcement Gets Pushback
The IRS recently announced it was rolling out a free-file program which would be an alternative for taxpayers instead of paying tax...

Andrew Oakley, CPA
Nov 13, 20232 min read
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Gift Exclusion up to $18k for 2024
The gift tax can be a confusing topic. Here is a breakdown of how it works for 2024.

Andrew Oakley, CPA
Nov 8, 20231 min read
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Tax Deductions Available for Business Vehicles
If you are looking to purchase a vehicle for your business, you may be eligible for a beneficial tax deduction. Section 179 allows...

Andrew Oakley, CPA
Nov 3, 20231 min read
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IRS to Release Direct-File
Much (I believe) to the chagrin of H&R Block and Intuit, IRS is piloting a direct-file program in 2024 for relatively simple taxpayers...

Andrew Oakley, CPA
Nov 1, 20231 min read
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IRS Increases Contributions Limits to 401(k) and IRA for 2024
The Internal Revenue Service (IRS) has announced several changes and adjustments related to retirement contributions and limits for the...

Andrew Oakley, CPA
Nov 1, 20232 min read
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