#businesstips

CPA Con Recap

I’m still just positively buzzing from CPA Con on Tuesday. It was a great opportunity to hear from some truly phenomenal leaders in the...

How to File Your Taxes

Tax season is approaching (already), and filing your taxes can feel overwhelming. Fortunately, there are several ways to file your taxes....

How to Account for Insurance in Different Business Structures

When running a business, understanding how to account for insurance in your taxes is crucial. The way you handle insurance premiums and...

7 Ways to Keep Your Personal and Business Information Secure

In today’s digital age, protecting your personal and business information is more important than ever. Whether you're a small business...

Tax Changes in 2024

With each new year, tax laws evolve, bringing fresh opportunities and challenges for taxpayers. Here are some notable changes for 2024 to...

A Cautionary Tale of Working with Family & Friends

We’re discussing reliance and restitution in my Contracts class this week and almost all of the cases are between family members. This is...

Claiming Illegal Income on Your Taxes: Yes, You Do Have to Do This

When most people think about filing taxes, the idea of claiming illegal income likely doesn’t come to mind. However, it's a critical part...

Why Getting a Large Tax Refund Isn’t the Win You Think It Is

Many people, my parents included, get so excited when they receive a hefty tax refund. They consider it a bonus—extra money that can be...

Legal Ways to Write Off Your Pets as a Tax Deduction

Here at ABA Tax Planning, we love our furry staff members - we even incorporated one of them into our logo! As a result, we attract a lot...

Per Diem vs. Reimbursing Actual Expenses: What’s Best for Your Business?

If your business requires employees to travel, you’ve likely encountered the choice between paying a per diem or reimbursing actual...

Prove Them F*ck!ng Wrong

Growing up my mom would always tell me that when someone made fun of me or was mean to me that they were doing that because they were...

The Importance of Organizing Records and Proper Documentation to Avoid IRS Audits

When tax season rolls around, many individuals and business owners rush to get their returns in order. Amid the hustle, one of the most...

The Chase Bank Check "Glitch"

You may have heard about the recent Chase Bank check fraud “glitch” in which a social media trend encouraged people to write a check for...

Research & Experimentation Costs Under TCJA

This blog post may be a little more spicy than most because it involves yet another change caused by the Tax Cuts and Jobs Act. A little...

The Effects of Prison Reform on Taxes

How many times have you heard someone lament that their hard earned paycheck is going towards the welfare of criminals? As a supporter...

Why There Are No "Quick Question" in Tax Law

Recently I moved to southern California to attend law school and classes began this week. The first week of law school, there is a heavy...

The Benefits of Having an IP PIN

In an era where identity theft is becoming increasingly sophisticated, the IRS is assigning more Identity Protection PINs to at risk...

Avoiding the Debt Trap: Strategies for Business Money Management

In the world of business, debt can be a double-edged sword. On one hand, it provides the capital needed for growth and expansion. On the...

The Tax Effects of Summer Employment

Many people get part-time seasonal jobs during the summer months. Summer jobs are a great way for students and young adults to gain work...

What Happens if the TCJA Sunsets?

Enacted in December 2017, the TCJA brought significant changes to the U.S. tax code, impacting individuals, businesses, and the overall...