Tax Deductions and Credits to Consider in 2022

Tax Deductions and Credits to Consider in 2022

This article discusses how there are two main strategies that individuals can take advantage of in order to lower their tax bills, deductions, and credits. While tax deductions lower your taxable income, tax credits are “a dollar-for-dollar reduction to your tax bill.” However, many people do not know of or forget about all the things that can qualify as either a deduction or credit. For example, tuition and fees deductions, educator expenses, and home office deductions are just a few. No matter the industry that you operate in, be sure to check out this link for the full list and to save as much money as possible this tax season!

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Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

This article explains how the assets people own have become more complicated, making it a little more difficult to include everything in your will. Only about 46% of Americans have made provisions for how their money and estate should be handled, according to a 2021 Gallup poll. Abby Schneiderman, co-founder and co-CEO of Everplans, which helps people create accounts to store their wills, passwords, and funeral wishes, suggests taking an inventory check of your digital assets and making sure that the assets are accessible at all times by sharing the passwords of your phone and computers with someone else. She also suggests making a plan for pets as well as plans for sentimental items. Providing access to online financial assets to someone you trust is especially important for cryptocurrencies, because if you are gone and nobody else knows how to access it, then it will be gone forever.

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Embracing a New Era of Innovation in 2022

Embracing a New Era of Innovation in 2022

This article explains the importance of building your company's online structure in a growing technological world. Technology is more powerful than ever challenging a business to restructure in new ways where it can sustain itself in a new market. It offers an opportunity to grow in every aspect because every facet of your brand can be tracked. The key element to success is finding a mission to stand behind which can build up you and the people you work with.

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The Benefits of Business Valuation for Small Businesses

The Benefits of Business Valuation for Small Businesses

This article demonstrates the possibilities a small business can pursue after receiving a valuation. A valuation can give small business owners benefits such as tracking progress and “a road map to deliberate decision making.” Some other benefits that come along with a business valuation include access to more investors, better decision making to improve your business value, sale value, understanding where your business fits in the industry, and finally obtaining a true company value. Business valuation is great from an investor's standpoint because it will allow them to see where the money is going and if their investment will generate a smart return. A valuation will also enable the owners of the business to see where their progress lies on a national scale.¬†

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