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Tax Insights

Explore expert blogs, guides, and advice tailored for small business owners and individuals.

IRS Red Flags in 2025: What Triggers an Audit Now?
Tax Compliance, Small Business Taxes, Audit Defense, Tax Planning, Tax Audits & Compliance, Tax Law Changes, Business Tax Guidance, IRS Updates Paul Armstrong Tax Compliance, Small Business Taxes, Audit Defense, Tax Planning, Tax Audits & Compliance, Tax Law Changes, Business Tax Guidance, IRS Updates Paul Armstrong

IRS Red Flags in 2025: What Triggers an Audit Now?

The IRS audit rate may be low, but certain red flags dramatically increase your chances of scrutiny. From unreported income discrepancies to excessive business deductions, understanding what triggers audits in 2025 helps you file confidently and avoid costly complications.

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Social Security Tax Relief: How the One Big Beautiful Bill Act Changes Your Retirement Income
Tax Planning, Social Security, Senior Finance, Retirement Planning, Tax Law Updates, Tax Myths, Legislative Tax Changes Paul Armstrong Tax Planning, Social Security, Senior Finance, Retirement Planning, Tax Law Updates, Tax Myths, Legislative Tax Changes Paul Armstrong

Social Security Tax Relief: How the One Big Beautiful Bill Act Changes Your Retirement Income

The One Big Beautiful Bill Act has sparked confusion about Social Security taxation changes. We cut through the myths to explain what the proposed "senior deduction" really means for your retirement taxes and who actually benefits. Learn more.

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5 Common Tax Mistakes High-Income Professionals Make — And How to Avoid Them
Tax Planning, Professional Services, Small Business Paul Armstrong Tax Planning, Professional Services, Small Business Paul Armstrong

5 Common Tax Mistakes High-Income Professionals Make — And How to Avoid Them

High-income professionals often leave thousands on the table due to preventable tax mistakes. From overlooking retirement plan limits to poor entity structure choices, these costly errors can significantly impact your wealth. Discover five common pitfalls and actionable strategies to maximize your tax savings.

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Should Your Small Business Elect S Corporation Taxation?
Tax Planning for Small Businesses, IRS Compliance, Business Entity Taxation, S Corporation Tax Strategies, Small Business Tax Tips, Tax Savings for Entrepreneurs, Bookkeeping and Tax Compliance, Real Estate and Business Taxes, Advanced Tax Planning, Business Structures & Taxes Paul Armstrong Tax Planning for Small Businesses, IRS Compliance, Business Entity Taxation, S Corporation Tax Strategies, Small Business Tax Tips, Tax Savings for Entrepreneurs, Bookkeeping and Tax Compliance, Real Estate and Business Taxes, Advanced Tax Planning, Business Structures & Taxes Paul Armstrong

Should Your Small Business Elect S Corporation Taxation?

Struggling with tax complexities as a small business owner? Discover the pros and cons of electing S corporation taxation, including potential tax savings and key insights for businesses with real estate holdings. Learn when an S election makes sense and how it could benefit your bottom line. Read more to make informed decisions today!

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Tax Planning Tips for New Business Owners
Tax Planning, Small Business Finance, Tax Compliance, Self-Employment Tips, Financial Management, IRS Guidelines and Updates Paul Armstrong Tax Planning, Small Business Finance, Tax Compliance, Self-Employment Tips, Financial Management, IRS Guidelines and Updates Paul Armstrong

Tax Planning Tips for New Business Owners

Struggling with tax planning as a new business owner? This guide breaks down essential tips to help you stay compliant, maximize tax savings, and avoid costly errors. Whether it's understanding deductions or keeping accurate records, we’ve got you covered. Read on to take control of your taxes with confidence!

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Year-Round Tax Planning Strategies to Save You Money
Tax Planning & Preparation, Small Business Finance, Personal Finance Tips, Freelancer Financial Advice Paul Armstrong Tax Planning & Preparation, Small Business Finance, Personal Finance Tips, Freelancer Financial Advice Paul Armstrong

Year-Round Tax Planning Strategies to Save You Money

Tax season doesn’t have to be stressful. Discover practical, year-round strategies to lower your tax liability, stay IRS-compliant, and save money—whether you're a small business owner, freelancer, or individual.

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