Blog tagged as Tax Planning

From the wealthiest people to famous figures who have passed away, Americans love lists. Whether we’re intrigued by ranking systems or have shorter attention spans, lists dominate media, especially online. They range from useful and entertaining to pure clickbait.

In our latest podcast episode, I had the pleasure of talking with Jenni Jackson from Flourish Marketing. Jenni shared her powerful seven-step process for building a practical, results-driven marketing plan. Her insights align perfectly with the principles we focus on at An...

Legend has it that in 1494, Luca Pacioli, an Italian monk known as the “Father of Accounting,” had a spark of inspiration that led him to create double-entry bookkeeping. This revolutionary system, where each entry is matched with an equal and opposite entry, forms the basis of accounting as we know...

In recent years, governments around the globe have been discussing a radical approach to taxing Big Tech companies. Known as the digital service tax, this new tax specifically targets the revenue of tech giants like Google, Facebook, and Amazon. But what is it, why does it matter, and how could it a...

Marriage is a big step—not only in life but also financially. When Oregon real estate broker Jane married her husband Mark, they knew their tax situation would change, but they didn’t realize the financial planning opportunities that would open up. With the guidance of tax consultant Daveed Tuck, th...

Running a construction business comes with its fair share of challenges—especially when it comes to managing taxes and protecting your assets. Bob, a determined business owner, knew he needed expert advice to scale his business without falling into costly tax traps. Together with his life partner, S...

Retirement is supposed to be a time to enjoy life after decades of hard work, but without a solid tax strategy, retirees can face unexpected and costly tax mistakes. In this guide, we’ll cover some of the most common tax errors retirees make and show you how to avoid them to protect your financial f...

As a real estate investor, understanding how to leverage tax deductions is essential for protecting your wealth. From depreciation to operating expenses, there are multiple ways to reduce your taxable income and keep more money in your pocket. In this guide, we’ll explore the best strategies to maxi...

Are you leaving money on the table when it comes to your taxes? For many real estate investors, the answer is "yes." If you've used a Home Equity Line of Credit (HELOC) to purchase a rental property, you might be missing out on a crucial tax deduction without even realizing it. The 10 T el...

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.

Common Causes of Surprise Tax Bills

1. U...

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...

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 ...

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...

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...

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...