The golden years of retirement should be a time of relaxation and enjoyment. Yet, without proper planning, this period can become a source of stress due to financial uncertainties. At Frank Kapitza & Associates, we firmly believe that a well-structured financial plan is vital to ensuring a comfortable retirement. The Essence of Retirement Planning Retirement …
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Dealing with an IRS audit can be an intimidating and stressful experience. Many individuals and businesses fear the prospect of an audit, and for good reason: it can be a complex and time-consuming process. However, with the proper knowledge and preparation, you can confidently navigate an IRS audit and reduce the likelihood of unfavorable outcomes. …
Navigating an IRS Audit: Insights on How to Prepare and Handle the Process Read More »
Tax season is a time of year that many people dread, but it doesn’t have to be that way. With proper planning and organization, you can make tax season a stress-free experience. Below, we’ll discuss organizing your finances for tax season so you can easily file your taxes. The first step in organizing your finances …
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Over the last few years, we have seen a drastic increase in people investing in cryptocurrency. However, with the current market, we have also seen a “crypto winter,” where crypto prices remained substantially lower than prior peaks and led to widespread losses. Along with this environment, we have also seen some crypto platforms filing for …
Can I Get a Tax Break if My Crypto Platform Files for Bankruptcy? Read More »
January 13, 2021 Choosing the correct business entity allows an entrepreneur to reduce liability exposure, minimize taxes, and ensure that the business can be financed and run efficiently. When deciding to start a business, you’ll need to know which kind of business you should form. Your business’s structure should be chosen based on your particular …
You can eliminate a great deal of stress by beginning preparations in January, rather than waiting until Tax Day is just around the corner.
Tax-loss harvesting occurs when an investor sells an asset that has lost its value throughout the year, in order to offset their capital gains tax liability.
Taking care of these bookkeeping tasks as soon as possible will help you go into the new fiscal year stress-free, with the ability to continue building your business.
This unprecedented era of working from home has led to many questions about home office expenses and their tax implications.
Our tax team helps small business owners make year-round preparations for the next season.