RTB Capital Group

Reminder: Those who are blind or 65+ years of age are entitled to an additional standard deduction amount. The exact amount depends on your filing status and other personal details.??Not sure if you’re eligible? Don’t fret – we are here to help you out! Contact us at (424) 210-5543 to get started on your tax assistance today.

Getting audited by the IRS can be stressful for a business owner. So it's important to be aware of potential audit red flags when filing your tax return. Reporting lower income than similar businesses in your industry or reporting significantly lower income than you reported in recent tax years can be a red flag for the IRS that you might be underreporting income. Our team can help you file your tax return correctly and with ease and we’ll ensure you claim every tax break you’re entitled to. Contact us today at (424) 210-5543 for your initial consultation.

Years ago, businesses used to be able to claim a tax deduction for most business-related interest expense. The Tax Cuts and Jobs Act changed that. Here’s the current situation. #taxtips #weeklytaxbrief #taxinsights #taxplanning #taxguidance #taxstrategies #taxplanimplementation

If you're making an IRA contribution - no matter the amount and timing - you're on the right track to boost your retirement savings. If you forgot to make a 2024 contribution by December 31, it may not be too late! You can make a 2024 contribution to a traditional or Roth IRA up until the tax filing deadline of April 15, 2025. For more guidance on IRAs, give us a call at (424) 210-5543.

As a taxpayer, it is important that you trust those helping you to tackle your finances and navigate the complexity of tax law and regulation. Hiring the right tax preparer is essential for maintaining accurate filings and ensuring you maximize your tax returns. Before hiring someone, be sure to ask these helpful questions to make an informed decision. https://bit.ly/3Vre09x

Some gifts can be made tax-free without using up any of your $19,000 annual gift tax exclusion or $13.99 million lifetime exemption. Specifically, you can pay an unlimited amount for someone else’s tuition or medical expenses. To be tax-free, the payments must be made directly to the qualified educational institution or health care provider. Understanding the nuances of federal gift tax law can help keep taxes to a minimum - that's where we come in! Give us a call at (424) 210-5543 today.

Small business owners who work from home may be able to reduce their tax bills with home office deductions. Are you eligible? #taxinsights #taxtips #weekly #business #businessowner #raisethebar

Each year, the IRS and the Social Security Administration make adjustments that affect taxes, benefits and retirement contributions. If you have any questions, feel free to contact us at (424) 210-5543.

Extra! Extra! Read all about it! The standard deduction amounts for 2025 have increased due to inflation. Don’t navigate the complicated tax world alone – let us be your guide!??Contact us at (424) 210-5543.

Year-end accounting isn’t just about bookkeeping; its also an opportunity to look at your business’ overall performance as well as prepare for tax season and the coming year. You don’t want to miss addressing key accounting concerns leading to errors and unnecessary stress. This guide helps you keep the important factors in mind to maintain your business’ firm financial footing. https://bit.ly/3NPCnbP