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FGA Advisors
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Get more worms by filing your tax return early
Feb 2022
They say the early bird gets the worm. Early federal income tax filers may get a couple worms, which is a good thing in this metaphor. Although it…
Could your company reap tax benefits from a heavy SUV purchase?
Jan 2022
Many businesses need to invest in heavy sport utility vehicles (SUVs) to transport equipment and provide timely services. Fortunately, they may be able to claim valuable tax deductions…
Gig workers: Here comes an estimated tax deadline
Dec 2021
If you’re a gig worker or otherwise self-employed, and you don’t have taxes withheld from a paycheck, you likely have to make quarterly estimated tax payments to the…
Is disability income taxable?
Nov 2021
Many Americans receive disability income. If you’re one of them or know someone who is, you may wonder whether it’s taxable. As is often the case with tax…
Being Prepared For An IRS Audit
Oct 2021
The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could mean an uptick in audits sometime soon, likely…
Which business website costs are deductible?
Sep 2021
Every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally apply to the deductibility…
Know the Nuances of the Nanny Tax
Aug 2021
Many families hire household workers to care for their children, their home or their outdoor spaces. If you’re among them, be sure you know the nuances of the…
Curtailing Cryptocurrency Tax Surprises
Jul 2021
As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views cryptocurrency as property for federal…