FIRM1040 Website

February 1, 2026

Simple Proactive Steps to Shield Your Income from Unexpected Tax Hits

Most high earners and business owners face sudden tax bills that catch them off guard—and it’s never just a small amount. You can avoid tax surprises by

Tax Planning

January 23, 2026

Top Tax Planning Strategies for Business Owners to Reduce Tax Liabilities

Most business owners pay more taxes than necessary each year. This drains cash flow and clouds your financial future. Smart tax planning for business owners

Tax Planning

January 17, 2026

Proactive Tax Consulting: Your Blueprint for Financial Clarity and Security

Most taxpayers wait until filing season to address their tax burdens—costing them thousands in missed savings and surprise liabilities. You don’t have to set

Tax Planning

January 10, 2026

Efficient Strategies for Resolving IRS Tax Issues and Safeguarding Your Reputation

IRS tax issues can threaten not only your finances but also your hard-earned reputation. Many business owners and high earners face this challenge without

Tax Planning

December 5, 2022

Last-Minute 2022 Year-End Tax Strategies for Your Stock Portfolio

The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies.

Tax Planning

September 5, 2022

Last-Minute Section 199A Tax Reduction Strategies

Here are three possible year-end moves that could, in the right circumstances, simultaneously (a) reduce your income taxes and (b) boost your Section 199A...

Tax Planning

August 1, 2022

Increase Your Tax Deduction Using the Business-Mileage Rule

Let’s eliminate commuting and make those trips from your home to your office deductible.

Tax Planning

June 6, 2022

The IRS is Concerned About Your Crypto

IRS guidance clearly states that it is interested only in virtual currency transactions that result in taxable income (or loss) that must be reported...

Tax Planning

April 4, 2022

Six Tax Credits Business Owners Without Employees Can Claim

There are over 30 tax credits just for businesses. Most of them are for businesses with employees, however here are six tax credits for businesses without...

Tax Planning

March 7, 2022

Eight Valuable Tax Credits for Business Owners With Employees

These eight employer credits are a part of the general business credit and are non-refundable. They may not exceed your annual tax liability...

Tax Planning

December 6, 2021

How Kids Can Contribute to Their Own IRA

For those young workers who have W-2 income, it's time to consider making annual contributions to a Roth IRA...