Every year, millions of Americans file their tax returns. And, every year, thousands of them miss out on valuable tax breaks and never even know about them. Here at the MB Group, we want every client to get the best return possible and never, ever, overpay. Our Certified Tax Coaches work with you year-round to create personalized tax strategies that maximize your return and ensure you are taking advantage of every tax break available.
Whether you're just getting started, entering a period of growth, or looking to streamline processes, technology should be a critical component of your strategy. And if you're looking to purchase new technology for your business, it makes sense for you to strategically do so through the lens of tax deductibility. Fortunately, there are many ways — with proper planning through a tax planning professional — to invest in the future of your business while reducing tax liability. Let's take a closer look at the tax-deductible technology purchases you may be eligible to make. You should, however, always consult with your tax planning professional before making the purchase to ensure it applies to your business.
If you're a contractor, freelancer, or business owner, you've more than likely heard of the 1099 form as a part of your tax planning. However, 1099 form definition can take on a unique meaning based on your perspective and the role you play in the business relationship. Let's take a closer look at the 1099 form definition as well as what it can mean from a contractor's, freelancer's, and small business's tax planning perspective. Read on to learn more and don't hesitate to reach out to the team at the MB Group for tailored small business accounting and tax planning solutions.
At the MB Group, one of the most common questions we receive during tax preparation is whether a business owner or individual should choose standard vs itemized deductions on their tax returns. The answer always depends on the business or individual's situation. While both deductions are designed to reduce your taxable income, itemized deductions offer greater potential for more savings. Let's take a deeper look at standard vs itemized deductions and how MB Group can help you decide.
Tax season can be a chaotic and stressful time for many Americans. Each year you likely have a laundry list of questions and don’t always know where to begin to turn in order to get the answers you need. In your search you may come across a variety of options for tax professionals, but how do you know you’re choosing the right one for your tax preparation needs?
To put it shortly, CPAs are tax preparers, but all tax preparers aren’t necessarily CPAs. We're here to help differentiate a CPA vs tax preparer below.
At MB Group we are a team of certified public accountants who specialize in helping high net worth individuals minimize tax liability. We use a range of key strategies and tools to help our clients achieve today's as well as tomorrow's goals.