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Tax: Expectation Vs Reality
In this post, we will discuss the importance of understanding taxes, with a specific focus on corporate taxes. We will explore common...


Interview With Ed Mofrad
Ed Mofrad, CPA owner of Mofrad Financial Solutions, started his practice in April 1996. He and his associates have since strived to...


What is Business Valuations?
Business valuation is the process by which the economic worth of a company is determined. There are a handful of reasons why business...


Are you eligible for ERTC?
Employee Retention Tax Credit is a refundable payroll tax credit for wages paid by an employer whose business has either been fully or...


Roth IRA
Thinking ahead about your taxes and how you'll spend that refund is always a good idea. Here's an even better idea: not spending your...


Small Business Owners and a SEP Plan
If you are a small business owner or are self-employed, you may be wondering what options you have to save yourself from having to pay...


A More Social Responsible Way of Investing
We continue our research on ESG and today we will focus on the Social aspects of ‘ESG’ investing. Sustainable investing implies how...


If it's Good for the Planet, It's Good for your Wallet
Environmental Focus On the previous blog, "Introducing ESG Investing: The Modern Way of Investing", we discussed how investors are...


What is a 529 College Savings Fund?
The price of education has gotten expensive. Tuition rates have outpaced general inflation rates for years and it is assumed that higher...


When is the right time to finance?
As a business-person you know that the world runs on credit. It’s a matter of fact that access to financing is easy and available when...


How Depreciation Helps Business Owners
When it comes to taxes, of prime concern for business owners is “what can I deduct?” The answer isn’t always so straight forward. The IRS...


Why Bookkeeping Should be Your #1 Business Priority
Bookkeeping enables you to see exactly where your business is spending money and where your revenue is coming from. It also helps you get...


Who Qualifies as Your Dependent?
Since every family is different, the question of “can I claim my kid as a dependent”, comes up quite often. As you will see below, to...


R&D CREDIT: Have you overlooked a golden opportunity in tax savings with R&D Credit?
Remember - even if you are a qualifying start-up, you can take advantage of the Credit. True, you may not have income, and therefore taxes


Quick Guide to Self-Employment Taxes
Self-Employment tax can be broken up into two parts, FICA and Medicare taxes. Out of this 15.3%, 12.4% goes towards Social Security and 2.9%
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