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Tax and IRS NewsPublished on Sep 1, 2022
President Biden has announced his three-part student loan forgiveness plan that aims to provide relief to student loan borrowers, especially those belonging to low– and mid-income levels. Part I: Student Loan Forgiveness for Eligible Borrowers Borrowers with individual incomes less than $125,000, […]
Tax and IRS NewsPublished on Aug 30, 2022
We know that an increased budget for enforcement will lead to more audits. More audits mean more tax collection. The question that remains to be answered is exactly how much federal tax revenue the IRS expects to collect with the new Inflation […]
Optima NewsletterPublished on Aug 29, 2022
What is the Inflation Reduction Act? From a pandemic to inflation, American taxpayers haven’t been able to catch a break since 2020. To combat the current state of the economy, Senate has passed a new bill with a ten-year plan called the […]
Tax and IRS NewsPublished on Aug 25, 2022
More than half of the $80 billion Inflation Reduction Act will be spent on IRS enforcement. This specifically means collecting back taxes, conducting criminal investigations, monitoring digital assets, obtaining legal support and hiring thousands of new IRS auditors. How many auditors will […]
Tax Help VideosPublished on Aug 23, 2022
CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on what payroll tax is and how it can affect you.
Tax and IRS NewsPublished on Aug 19, 2022
Between the inflation, the pandemic, and the Inflation Reduction Act, now is a scary time to owe back taxes. The bill has passed, granting the IRS $80 billion dollars in funds for their activity. Consequently, we’re expecting a massive increase in the […]
Tax and IRS NewsPublished on Aug 18, 2022
From a pandemic to inflation, American taxpayers haven’t been able to catch a break since 2020. To combat the current state of the economy, Senate has passed a new bill with a ten-year plan. The Inflation Reduction Act is being sent to […]
Small BusinessesPublished on Aug 16, 2022
Small business loans can be helpful and sometimes necessary in order to continue or expand a business. There are several types of loans available to small businesses, each with their own sets of pros and cons. Term Loans One of the most […]
Taxes & Your SavingsPublished on Aug 12, 2022
Renting out your property as an Airbnb can be a good way to secure residual income. While Airbnb may send you a tax form at the end of the year. It’s important to understand your tax responsibilities to check for errors and […]
Tax and IRS NewsPublished on Aug 10, 2022
Student loan debt is still on the rise and new developments regarding repayment and forgiveness have unfolded recently. President Biden will announce his plan for student loan forgiveness and repayment by the end of August 2022. Student Loan Payment Pause Loan […]
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