Ratio CPA, LLC

06/19/2024

…Of course, as long as you do some tax planning! Ratio CPA helps clients lower their tax liability, regardless of source of income. A typical client’s income taxes are lowered by $57,000 annually.

Schedule a complimentary and informative consultation here: https://ratiocpa.com/schedule-a-call/

04/04/2024

High income taxpayers can give up to 50% of their earnings away to the IRS, state or local governments. In the meantime, there are so many tax reduction strategies that can help high earners drastically reduce their taxes.

Investment Tax Credits. Charitable donation deductions with an ROI. Private Deferred Compensation Plans. The list goes on and on.

Schedule a no-strings consultation and find out more. https://ratiocpa.com/schedule-a-call/

04/03/2024

Many high-income earners believe there is nothing they can do to lower their tax burden – whether because they receive W-2 income, or they’ve been told they are already maxing out their deductions.

Ratio CPA firm specializes in tax planning and we offer advanced tax reduction solutions for all high income earners.

The Inflation Reduction Act has increased the benefits of Investment Tax Credits (ITC) from commercial solar projects. Your tax credit can now range between 30%-70% and be applied up to 3 years retroactively – making it one of the only ways to recover 2021, 2022 and 2023 taxes, in addition to 2024 savings.

Interested in finding out more about ITC?

Schedule a no-strings consultation and find out more. https://ratiocpa.com/schedule-a-call/

03/28/2024

We offer tax reduction planning to high income W-2 wage earners, as well as those receiving a K-1, 1099 or business income. Schedule a no-strings consultation to learn more! https://ratiocpa.com/schedule-a-call/

01/30/2024

In a hurry to file your 2023 taxes? Maybe you should wait. The Tax Relief for American Families and Workers Act of 2024 may pass soon. The bill has a number of provisions, particularly around the child tax credit, that will go into effect starting with the current tax filing season covering tax year 2023 for individual taxpayers. At this point, it could mean amended returns that need to be filed for those who like to get their returns in early.

The bill, which resulted from a bipartisan, bicameral deal between the House and Senate committees that oversee tax legislation, passed the House Ways and Means Committee by a 40-3 vote on January 19, 2024, but has not yet been scheduled for a vote in the lower chamber of Congress and no movement has happened as of press time in the Senate, although Senate Finance Committee Chairman Ron Wyden (D-Ore.) expressed his desire to get it passed as soon as possible so taxpayers can take advantage of the provisions for the 2024 filing season.

01/19/2024

2024 could be the year you finally lower your tax liability... or it could just be another year you overpay...

01/12/2024

Whether your main source of income is your business, a W-2, 1099s or K-1s, Ratio CPA can help lower your tax liability (an average of $57,000 annually). Schedule a no-strings consultation with us today: https://ratiocpa.com/schedule-a-call/

11/08/2023

Want to get a large tax deduction in 2023? Who doesn't! Contact our firm for some last minute tax reduction planning - whether you're a business owner or a high-income W-2 wage earner! [email protected]

10/25/2023

Do you live in a state that gives you the LEAST bang for your buck, meaning the lowest return on investment for taxpayers when it comes to sevices (such as education, health, safety, economy, and infrastructure), versus the total state and local taxes that residents pay?

It's not all about the taxes you pay - it's also about what you receive in return!

These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.

10/22/2023

If you’re a US citizen or permanent resident planning on permanently moving to a different country, make sure to consult with a CPA about your tax situation before the big move (ideally, way before!).

You’ll have two choices: if you simply pack up and go, the US continues to tax you on your income, no matter where it originates. This means you will still be filing US income tax returns and potentially paying US taxes.

You can also formally renounce your citizenship – an option that may come with a high “exit tax”.

Seek a CPA firm and immigration attorney that specializes in expats before pulling the plug, and perhaps also add a Tax Reduction Strategist to the mix if you want to cash out your 401(k) or sell real estate property before making the move.