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    • Accounting services
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    • QuickBooks Online Consulting and Accounting Setup In San Diego
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De-Dollarization efforts are happening: what would happen if the dollar loses its global reserve currency status?

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 De-Dollarization efforts are happening: what would happen if the dollar loses its global reserve currency status?
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By Thomas Huckabee
In economy
Posted May 23, 2023

De-Dollarization efforts are happening: what would happen if the dollar loses its global reserve currency status?

The U.S. dollar is the most powerful currency that exists today. Yet financial analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. One of the more [...]

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 Ikea’s Non-Profit Ownership Structure Tax Strategies it Uses to Save Hundreds of Millions in Taxes Each Year
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By Thomas Huckabee
In tax planning
Posted May 19, 2023

Ikea’s Non-Profit Ownership Structure Tax Strategies it Uses to Save Hundreds of Millions in Taxes Each Year

Ikea makes billions tax-free by operating the world’s largest “charity.”  Forget about the Gates Foundation. The world’s biggest charity owns IKEA — which is not only devoted to interior [...]

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 11 Financial Money-Making Basics to Understand to Make Better Financial Decisions
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By Thomas Huckabee
In financial tips
Posted May 16, 2023

11 Financial Money-Making Basics to Understand to Make Better Financial Decisions

Everyone wants to make money or be an investor…Here’s the key to learning business: Speak the language of money, oddly you usually make more of it. Speak the language of investing, oddly [...]

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 Businesses Structured as Partnerships Could Have Increased Tax Audit Risk in 2023
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By Andrew Broadbent
In irs audit
Posted May 8, 2023

Businesses Structured as Partnerships Could Have Increased Tax Audit Risk in 2023

The Biden Adminstration, passed a bill last year called the Inflation Reduction Act, which allocated billions in funding and beefing up the IRS over the next decade to go after high net worth [...]

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 2023 tax season reduction strategies if you earn over 6 figures $100,000
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By Thomas Huckabee
In tax planning
Posted April 14, 2023

2023 tax season reduction strategies if you earn over 6 figures $100,000

These days the price of almost everything is higher, from food to housing, to the cost of goods and services and even people that make 6 figures a year or more are feeling the squeeze of [...]

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 How high-income earners can use a Backdoor Roth IRA conversion to supplement their retirement savings
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By Thomas Huckabee
In tax planning
Posted April 13, 2023

How high-income earners can use a Backdoor Roth IRA conversion to supplement their retirement savings

Planning and saving for retirement should be a priority for every person. According to a survey from YouGov, 49% of Americans said saving money was one of their New Year’s resolutions for 2022. [...]

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 Cryptocurrency investor tax reporting for 2023 tax season
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By Thomas Huckabee
In tax compliance
Posted April 7, 2023

Cryptocurrency investor tax reporting for 2023 tax season

The dramatic crash in cryptocurrency prices in 2022 and the bankruptcies of FTX and other crypto exchanges have added complexity to crypto taxes, while the IRS and Congress continue to crack down [...]

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 Small business owners’ guide to the 2023 tax filing season
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By Andrew Broadbent
In tax tips
Posted April 3, 2023

Small business owners’ guide to the 2023 tax filing season

Here is a small business owner’s guide to the 2023 tax filing season. The volume and pace of tax changes over the past 5 years have been interesting.  The 2017 overhaul has been [...]

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 Capital Gains -Tax Rates and Brackets for 2022-2023 Investment Income
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By Thomas Huckabee
In taxes
Posted March 29, 2023

Capital Gains -Tax Rates and Brackets for 2022-2023 Investment Income

Conclusion As I mentioned earlier Congress hasn’t made changes to rates on long-term capital gains and dividends for 2022 and 2023. Proponents of a low rate on capital gains argue that it is a [...]

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 Should Business Owners file for a tax extension in 2023 tax season?
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By Thomas Huckabee
In tax planning
Posted March 22, 2023

Should Business Owners file for a tax extension in 2023 tax season?

As a small business owner, or startup founder, should you file for an extension this 2023 tax season? Recently a Forbes tax news reporter Kelly Philips Erb wrote an article about this topic [...]

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