Receiving an unexpected tax bill from the IRS, State of Oregon, or City of Portland can be both surprising and financially challenging. To help you navigate and prevent these situations, we've outlined common causes and actionable steps to safeguard your business.
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By Daveed
Ever wondered how the IRS views income from illegal activities? Believe it or not, the IRS doesn’t care if your business is legal or not—they still expect their cut. And in some cases, even expenses tied to illegal activities can qualify for deductions! While you (hopefully) run a legitimate busines...
The football season kicked off with a bang as the Kansas City Chiefs, last year’s Super Bowl champions, secured a strong win. But that wasn't all the buzz—Taylor Swift, who’s dating Chiefs star Travis Kelce, was expected to attend many of their games, drawing even more attention. With Swifties acros...
Embracing Summer Activities & Navigating Wellness: Tax Strategies from a Portland Tax Consultant
As summer winds down, many of us look back on the sunny days filled with outdoor adventures. Whether it’s hiking the trails in Forest Park, biking through Portland’s unique neighborhoods, or playing p...
Dreams shape the world. They spark innovation, drive progress, and push the boundaries of what's possible. But dreams alone aren’t enough. The visionaries who changed the world—people like Steve Jobs, Henry Ford, and Walt Disney—understood that turning dreams into reality requires more than just ima...
When you think of accountants, it’s easy to picture someone hunched over a spreadsheet, laser-focused on numbers. The stereotype says accountants are boring, penny-pinching men or women buried in paperwork, living life on the dull side. But, what if I told you that accountants are the real rock star...
As a business owner, keeping your finances in order is essential to protecting your business from errors, missed deductions, and costly IRS penalties. I’m Daveed Tuck, an ex-IRS auditor and tax strategist at Anvil Tax, and today I’ll walk you through the four critical stages of accounting that will ...
Meet Bob, a hands-on second-generation contractor from Portland who thought taxes were just a yearly headache—until his business success and growing real estate investments forced him to rethink his financial strategy. With the help of Daveed Tuck, an Ex-IRS auditor and tax consultant, Bob transform...
As the air turns crisp and leaves change color, one thing becomes clear: pumpkin spice season is upon us. From lattes to candles, Oreos to even beard oil, this flavor has become a fall staple. But did you know there’s more to this trend than meets the eye? Yes, I’m talking about the Pumpkin Spice Ta...
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.
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 Payroll Efficiency and Tax Compliance with Gusto: Insights from a Portland Tax Consultant
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...
Running a business is no easy feat, especially when it comes to navigating financial challenges. Ashley, a local business owner, shares her journey of overcoming trust issues, gaining financial clarity, and finding success through regular financial meetings with Daveed Tuck and the Anvil Tax team.
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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...
At Anvil Tax Inc., we’re more than just a tax service—we’re dedicated partners in your financial journey. Recently, Portland tax expert Daveed Tuck sat down with Ashley Mile...
When it comes to finances, procrastination is often a luxury people can't afford. If there's one lesson we've repeatedly heard from successful individuals, it's the overwhelming regret of not starting early in planning their finances. Whether you're in your 40s, 60s, or just beginning your career, t...