Foundation Bookkeeping, LLC

06/13/2024

With political campaigns in full swing, you might be looking to donate to or work for your campaign of choice. But are political contributions tax-deductible?

06/12/2024

Explore President Biden's proposed capital gains tax increases and their potential impact on business owners and boomers planning to sell assets. Learn about key considerations and planning strategies to navigate these changes effectively.

Explore President Biden's proposed capital gains tax increases and their potential impact on business owners and boomers planning to sell assets.

06/12/2024

Learn budgeting tips, financial strategies, and the benefits of partnering with an accounting expert to achieve financial stability and growth.

06/12/2024

Keep moving forward, embrace the journey!

06/11/2024

Maximize tax savings with educator expense deductions.

06/11/2024

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are assessed by the Internal Revenue Service (IRS) when taxpayers fail to pay enough of their tax liability through withholding or estimated tax payments throughout the tax year.

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be.

06/10/2024

Discover why living below your means is crucial for new entrepreneurs. Learn practical tips for managing cash flow, maintaining investor confidence, and ensuring sustainable business growth; essential reading for startup founders and business owners.

Discover why living below your means is crucial for new entrepreneurs.

06/10/2024

Planning ahead and making strategic financial decisions mid-year can significantly reduce your tax liability and maximize your savings. Watch this video for quick tips.

06/10/2024

Start your week strong and take charge of your future:

06/08/2024

Elevate your restaurant's financial strategy

06/07/2024

Learn how to master your budgeting skills. Reach out for expert advice.

06/06/2024

Summer is approaching, and this may be a good time to find your child employment. The standard deduction for a single individual is $14,600 in 2024, meaning that your child can now make up to $14,600 from working without paying any federal income tax on their earnings.

Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax.