Author: Kurpas Financial
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How Trump’s Economic Plan Could Impact Your Taxes, Business, and Wallet
Breaking Down Tax Cuts, Tariffs, Gas Prices, and the Housing Market Taxes, tariffs, gas prices, and housing—oh my! Former President Donald Trump has laid out his economic plan, and whether you’re a business owner, taxpayer, or just someone trying to buy a house without breaking the bank, his proposals could have a big impact on… Read more
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The Beginner’s Guide to Taxes: Understanding the Basics
Taxes can feel like a complicated maze, especially if you’re new to the process. But understanding the fundamentals can make filing your taxes much less intimidating. Whether you’re a beginner to taxes and are preparing to file for the first time or just want a clearer picture of how everything works, this beginner’s guide will… Read more
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5 Overlooked Tax Deductions Your Small Business Shouldn’t Miss
Tax season can feel like a tangled mess of numbers, deadlines, and fine print. It’s no wonder that, in the scramble to get everything squared away, many small business owners miss out on some valuable tax deductions. Sure, you’re probably claiming the usual suspects, like office supplies or internet expenses, but there are plenty of… Read more
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Choosing the Right Business Entity: Tax Benefits and Implications
Starting a business involves some big decisions, and one of the most important is selecting your business entity type. From sole proprietorships to corporations, each structure comes with unique tax responsibilities and benefits. Picking the right one can save money, limit liability, and set you up for financial success. Here’s a guide to the major… Read more
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FinCen Registration Impacting all Business Owners!
If you’re a small business owner with an LLC, you’ve probably got a million things on your plate—from managing your business finances, payroll, and tax obligations. Well, here’s one more critical task: FinCen (Financial Crimes Enforcement Network) now requires business owners to register their companies starting January 1, 2024. Don’t worry—I’ve got you covered. In… Read more
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What to Do If the IRS Calls You
A Step-by-Step Guide Receiving a call from the IRS (Internal Revenue Service) can be a nerve-wracking experience. Whether it’s about taxes owed, a potential audit, or simply verifying information, the fear of making a mistake looms large. But don’t panic—knowing how to handle such a call is the key to staying calm and in control. In this… Read more
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Where to stash your cash in 2024
Exploring High-Yield Savings Accounts (HYSA) It might be tempting to stash your money under the mattress—especially after the fictional “end of the world” during the solar eclipse on April 8th! But in reality, your cash will serve you better in a High-Yield Savings Account (HYSA). In this post, I’ll dive into why we recommend HYSAs,… Read more
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Secure Your Financial Future with Roth IRA
Understanding the Roth IRA: Your Ticket to Tax-Free Wealth Accumulation What if I told you that you could get a million dollars with investing only $100 per month.Lets face it, money makes the world go round and everyone is always chasing more of it. In ourday and age there is a saying, the rich get… Read more
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Financial Freedom and Self-Discovery Guide
Navigate the challenges of debt, build a robust emergency fund, and invest in a brighter future. Explore career paths, embrace self-discovery, and unlock the keys to a fulfilling life at 18 and beyond. Unlocking Adulthood: Financial Wisdom and Personal Growth Tips for 18-Year-Olds I remember when I turned 18, all the way back in 2013.… Read more
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One thing Holding You Back In 2024
Breaking Free: Unveiling the Barriers to Success in 2024 The Real Culprit: Overcoming Self-Sabotage for a Successful 2024 It’s a new year, and millions of Americans have made resolutions – be it working out, eating healthier, or finally shedding that lingering 20 lbs from Thanksgiving and Christmas. Or perhaps it’s a resolve to recover from… Read more