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Debt & Taxes: What You Need to Know Before Tax Season

Credit cards, personal loans, student loans, business loans… does having debt actually affect your taxes? It’s a question we hear often, and the answer might surprise you! With tax season approaching, it’s important to understand that not all debt is treated the same way by the IRS. Some types of interest may qualify for tax deductions, while others won’t help your tax situation at all. Let’s break it down! 1. Credit Card Debt: Can I Write Off My Payments? If you’re carrying

5 hours ago4 min read

Selling at Fall Festivals? Here’s What Local Vendors Need to Know About Taxes! 🎃🍂

Fall is here, and that means pumpkin patches, craft fairs, trunk-or-treats, food trucks, and local festivals! Whether you’re selling homemade baked goods, handmade crafts, boutique clothing, or serving food from your truck, these events are a great way to make extra money and support your local community. But here’s something many small vendors don’t realize: Just because you’re selling at a weekend event doesn’t mean your earnings are tax-free! Before you set up your next bo

Oct 213 min read

Identity Theft & Taxes: What Should You Do?

Finding out that someone may have used your identity—especially your Social Security number—to file a tax return can be overwhelming. Tax-related identity theft generally happens when someone uses your stolen personal information to file a fraudulent tax return or commit another tax-related crime in your name. So, what should you do if it happens to you? 1. Start at IdentityTheft.gov If your personal information has been stolen or misused, visit IdentityTheft.gov to report th

Oct 53 min read

Small Errors That Can Create a Bigger Tax Bill

When you own a small business, it’s easy to tell yourself, “I’ll clean that up later.” A missing receipt here, an uncategorized transaction there…it doesn’t seem like a big deal at the time. But those little bookkeeping and tax mistakes can add up—and sometimes lead to a bigger tax bill than you expected. As we head into the final part of the year, here are a few things worth checking now. 1. Missing or unreported income Income can come from several different places—cash, che

Sep 212 min read

Taxes 101: I Know Nothing About Taxes—Where Do I Start?

If taxes feel like a completely different language, you’re not alone. Whether you’re starting your first job, earning money from a side hustle, opening a small business, or simply trying to understand your finances better, you have to start somewhere. Here are five tax basics everyone should know. 1. Understand What Taxes Are Simply put, when you earn income, you may owe taxes on it. If you’re an employee, your employer typically withholds taxes from your paycheck throughout

Sep 32 min read