Blog categorized as Tax Beat

The IRS’s Power May Be Weakening: What the Supreme Court's Latest Decision Means for Your Taxes

The IRS’s Power May Be Weakening: What the Supreme Court's Latest Decision Means for Your Taxes

By Daveed


What if the IRS’s power to enforce its rules was diminishing? A recent Supreme Court ruling might significantly alter how agencies like the IRS exercise their authority. For Portland business owners, this shift could create new opportunities to protect hard-earned money and reduce tax liabilities.

Th...

Reaganomics 40 Years of Tax Changes and What's Next

Reaganomics 40 Years of Tax Changes and What's Next

By Daveed

The economic landscape has seen monumental shifts over the past four decades, largely influenced by policy reforms initiated during the Reagan administration. Known as Reaganomics, these policies fundamentally reshaped the tax environment, giving businesses and indivi...

Maximizing Your Payroll Efficiency with Casey from Gusto

Maximizing Your Payroll Efficiency with Casey from Gusto

By Daveed

Maximizing Payroll Efficiency and Tax Compliance with Gusto: Insights from a Portland Tax Consultant

A Tax by Any Other Name – 

A Tax by Any Other Name – 

By Daveed

Five thousand years ago in ancient Egypt, before money was even a thing, the Pharaoh’s men were already collecting a 20% tax on grain. Fast forward to Julius Caesar, and he introduces the world’s first sales tax. Not to be outdone, his great-nephew Augustus rolled out the first direct income tax. Ca...

From Chaos to Clarity: How Strong Financial Systems Saved a Portland Business

From Chaos to Clarity: How Strong Financial Systems Saved a Portland Business

By Daveed


At Anvil Tax, we love sharing stories of transformation. Today, we’re highlighting the inspiring journey of Ashley, a Portland business owner who turned financial chaos into success with our help. Ashley faced overwhelming challenges, including financial mismanagement and even fraud within her busin...

Portland, Are You Ready for Some Football and Smart Tax Strategies?

Portland, Are You Ready for Some Football and Smart Tax Strategies?

By Daveed

A rookie NFL quarterback tried to save on taxes by asking to be paid through an LLC as an independent contractor, hoping to avoid millions in taxes. However, the NFL blocked the idea due to its collective bargaining agreement. The story highlights the importance of tax planning for athletes.
What I Did on Summer Vacation

What I Did on Summer Vacation

By Daveed

“Federal Income Taxation” is the foundational tax class in any accounting or law school program. Contrary to what you may think, it doesn’t involve diving into thickets of dense, impenetrable tax forms or long, intimidating columns of numbers. The final exam doesn’t challenge students to fill out a ...
Tax Free Secrets for Tips

Tax Free Secrets for Tips

By Daveed

The 2024 election heats up as Trump and Harris agree on exempting tips from income tax. Introduced by Senator Cruz, this proposal could impact the economy and low-income earners but raises questions about defining 'tips.' The cost could be $150-$250 billion over 10 years. Insights from Daveed Tuc,
June 17th: How to Avoid Tax Overpayments - What You Need to Know

June 17th: How to Avoid Tax Overpayments - What You Need to Know

By Daveed

Are you satisfied with the amount of taxes you paid last year? What about last quarter? As we approach the June 17th deadline for the second quarter estimated tax payments, it's essential to assess your tax strategies and ensure you are optimizing your tax savings.

Hello, I'm Daveed from Anvil Tax, a...

But Its April Now. . .

But Its April Now. . .

By Daveed

The Super Bowl may be the single most-watched sporting event in America. But for millions of rabid and casual fans alike, nothing beats March Madness. This year, Iowa’s Caitlin Clark shattered “Pistol Pete” Maravich’s 1970 record to become the top scorer in Division I college basketball history, lea...

Tax Iceberg Ahead!

By Daveed

Tax Iceberg Ahead!
Since 1914, this has been the time of year for Americans to gather for their annual wrestling match with the internal revenue code. Famed smart guy Albert Einstein once said, “The hardest thing in the world to understand is the income tax.” Decades later, Jimmy Carter called our tax system, “a disgr...