Filing Last-Minute Taxes? Here’s How to Save—and Stay Sane
We’re in the final stretch of tax season. If you haven’t filed yet, you’re not alone. The IRS says about 25% of Americans wait until…
Smart Tax Strategies for International Business Travel
Traveling abroad for work? If you’re planning a business trip overseas, understanding the tax rules can help you maximize deductions and avoid unnecessary expenses. From…
Educators, Time is Ticking: Claim Up to $300 for Supplies Before October 15, 2024
Get Tax Relief for Out-of-Pocket Expenses Teachers are pros at multitasking—lesson planning, classroom decorating, and, of course, stocking up on supplies out of their own…
Can You Deduct Business Travel Expenses? Here’s the Latest
Traveling for business? Don’t miss out on potential tax savings. Understanding the current rules for deducting out-of-town business expenses is key to maximizing your tax…
Unlock Hidden Tax Savings with Your Home Office Computer – Learn How
Ever thought your trusty new home office computer could do more than just handle Zoom calls and spreadsheets? What if it could also help you…
Renting to Relatives: 5 Tax Tips Every Homeowner Should Know
Renting a home to a family member can be a practical solution for both parties involved, but it comes with unique tax considerations. Whether you…
The Newlywed Tax Guide: Steps to Take After Saying “I Do”
Wedding cake? Check. Honeymoon? Unforgettable. First tax season as a married couple? Uh-oh. Fear not, lovebirds, this guide has got you covered. Let’s turn those…
From Cradles to Credits: Unraveling Tax Perks for Proud New Parents
Welcoming a new baby into your family is like embarking on an adventure filled with firsts: the first smile, the first word, and, yes, even…
Green Incentives Unpacked: A Straightforward Guide to Your Energy Tax Breaks
Curious about the buzz around tax breaks for eco-friendly upgrades to your home or vehicle? The Inflation Reduction Act of 2022 (IRA) rolls out numerous…
Setting the Stage for a Smooth Tax Season
Preparing for Your 2023 Tax Returns & Planning Ahead for 2024 As we step into 2024, the annual ritual of preparing tax returns is upon…
Smart Tax Moves: How to Save More When Filing Your Taxes
As the time to file your 2023 tax returns inches closer, it’s crucial to arm yourself with strategies that can save you money. Whether you’re…
Innovative Giving: Exploring the Flexibility of Donor-Advised Funds
Secure Your Tax Benefit Now and Guide Charitable Efforts Tomorrow Making a large charitable donation can be both a generous gesture and a strategic financial…
Tax Rules and Tasty Bites: Navigating Business Meal Deductions
Picture this: you’re at a restaurant, discussing a potential deal with a client, celebrating a milestone with your team, or maybe even strategizing with a…
Tax Saving Strategies for Nature Lovers: Conservation Easements and You
Interested in helping to conserve land for public use or preserve an historic structure from real property that you own? If you feel a deep…
Maximize Your Savings: Homeownership Tax Deductions and Programs
As summer winds down, new homeowners are getting settled into their properties. Beyond the excitement of this transition, it’s also an opportune time to dive…
529 Plans Unveiled: Your Path to Tax-Free Education Savings
When it comes to securing a quality education, the costs can sometimes feel overwhelming. That’s where 529 plans shine as beacons of financial relief. These…
Business Travelers: Unlocking Tax Deductions Before Hitting the Road
Traveling for work can be both exciting and demanding. Whether you’re attending conferences sporadically or find yourself constantly on the road, it’s crucial to understand…
Renting Your Vacation Home? Here’s What You Need to Know About Taxes
Does it make sense to rent out your vacation home for part of the year? How does it impact your tax deductions? Are you contemplating…
Summer Moves and Taxes: Unlocking the IRS Exclusion for Home Sellers
Summer is “moving season” for many people, as they sell one home and move to another. As the warm weather beckons, individuals and families seize…
Summer Fun and Tax Breaks: Deducting Day Camp Costs Under the Child and Dependent Care Credit
As the summer season approaches, many parents struggle with childcare, and day camps can be a lifesaver. Did you know that some of these expenses…
2023 Tax Scams (Part 2): How to Protect Yourself from Fraudsters
With tax refund season in full swing, it’s important to be cautious and aware of potential scams. Scammers are always looking for ways to steal…
IRS Warns of Top Tax Scams for 2023: How to Stay Safe
With tax payers feeling the crunch as tax season comes to an end, it’s a ripe time for scammers to strike. The Internal Revenue Service…
How Smith Patrick CPAs Is Guiding Missouri’s Cannabis Entrepreneurs through the Tax Maze
The Missouri cannabis industry is growing, and Amendment 3 has brought new tax deductions for marijuana businesses. Smith Patrick CPAs, a cannabis-focused CPA firm, is…
Accounting | Cannabis | Tax
Attention Marijuana Operators: Learn the Tax Implications of Missouri Amendment 3
Tax law is changing for Missouri cannabis businesses. On November 8, 2022, Missouri Amendment 3, the Marijuana Legalization Initiative, was approved by voters, extending marijuana…