Think you’re too far behind to catch up on your business taxes? Think again. We’re breaking down what to do if you haven’t filed in a while—how to get income records, track expenses, and rebuild your compliance game without panicking.
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www.TQFinancials.com
Too many first-gen business owners celebrate profit without realizing the tax bill coming behind it. Whether you’re a sole prop or running a corporation, we dive into why your earnings could equal IRS debt—and how to prepare before you file.
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www.TQFinancials.com
If your business and personal money are in one big financial blender, the IRS is not going to be impressed. In this episode, we break down what commingling really is, why it’s hurting your business, and simple ways to clean up your financial trail before it costs you.
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www.TQFinancials.com
In this episode, we tackle the looming question on everyone’s mind: Will Social Security run out of money? With concerns about the program’s future and funds depleting, many are wondering if they can still rely on Social Security in their retirement. We dive into the current data, explore the potential challenges ahead, and discuss whether Social Security is something future generations can count on, or if it’s a benefit at risk of vanishing.
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www.TQFinancials.com
In this episode, we explore the growing role of AI in tax preparation. From ChatGPT to automated filing software, AI is transforming the tax world, but can it truly replace human tax preparers? We’ll discuss how AI is currently being used, where it’s headed, and why, for small business owners, the expertise and personalized guidance of a tax professional remain essential. Tune in as we break down the future of tax prep and whether technology can ever fully replace the human touch.
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www.TQFinancials.com
In this episode, we unravel the tax implications of owning a timeshare. Are timeshares really tax-deductible? We'll break down the key deductions you can claim, from mortgage interest to property taxes, and explore the lesser-known scenario where a timeshare can be fully deductible if used exclusively for business purposes. Whether you're using your timeshare for personal enjoyment or business, we’ll help you understand what you can and can’t deduct when tax season rolls around.
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www.TQFinancials.com
In this episode, we dive deep into the critical distinction between traders and investors according to the IRS. Learn How achieving Trader Tax Status (TTS) can transform the way you report income and deductions, and why it matters if you're actively trading. We'll break down the key criteria the IRS uses to differentiate the two and what it means for your tax strategy. Whether you're an active trader or a long-term investor, this episode will help you navigate the tax implications of both paths.
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Understand why you need to fill out the Beneficial Ownership Information Reporting Act and what happens if you don't comply.
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www.TQFinancials.com
Find out when your taxes are due and what happens if you file late or need more time.
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www.TQFinancials.com
Learn why refunds aren't always a good thing and how to avoid refund-related mistakes.
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www.TQFinancials.com
Most parents want their kids to have the opportunity to pursue a higher education but knowing how to save for that can be difficult. There are a few options and depending on who you ask, they’re all pretty good. We’re going to give you EVERYTHING you need to know about all three so you can make the best decision for you. All facts, no fiction. Our special guest Rhys Williams CPWA (Certified Private Wealth Advisor), AIF (Accredited Investment Fiduciary), will give his point of view so don’t miss this.
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www.TQFinancials.com
TurboTax was ordered to shell out some chump change recently and you may be one of the beneficiaries. Find out who qualifies, how much they’ll get and for what years.
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www.TQFinancials.com
The latest median household income census has everyone talking. What group do you fall under? What does the income amount really mean? Who’s considered “The Average American”? Where is education one of the factors? We’re going to give you our opinion and also discuss other ones we’ve heard.
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www.TQFinancials.com
The Feds have their hands in everything, so what else are they up to? You’ll shocked to find out. Are your bank transactions still private? Is there and upside to what they’re launching? We’ll let you know.
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www.TQFinancials.com
EV Tax credit continues to change. Find out if the vehicle you want to buy will qualify and how much credit you’ll get. We’ll also expose a work around that may surprise you.
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www.TQFinancials.com
If you own a business or sell a product then you know first hand how important pricing can be. Join us as we discuss how to price products, if discounts are ever necessary and what your pricing says about your business.
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www.TQFinancials.com
Could we be seeing a LARGER, PERMANENT child tax credit in the future?! The Biden administration thinks so.
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www.TQFinancials.com
Is it ever too early to talk to your children about money? We’re talking to the young TQ himself, LIAM. He helps us to understand the value of saving from a child’s prospective and why money is important. It’s crazy what kids can comprehend if you start teaching them early.
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www.TQFinancials.com
Americans are in disagreement when it comes to this topic. Should the Biden administration be allowed to wipe away up to $20k worth of student loan debt? We’ll give you our thoughts and we’d love to hear yours.
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www.TQFinancials.com
We’re coming out of a housing price boom. We’ve settled into some high interest rates along with more products on the market. With talk of a recession in the air, is now the right time to buy a home? We’ll let you know. Tune in.
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www.TQFinancials.com