Jai Prabakaran

Navigating the complexities of tax season can be a daunting task for any small business owner. The intricacies of tax codes, deadlines, and deductions require careful attention and strategic planning. This article offers a comprehensive guide to small business tax tips that can streamline the process, minimize liabilities, and ensure compliance with current regulations. By adopting these practices, businesses can focus more on growth and less on tax-related stress. Key Small Business Tax Tips...

As the year comes to a close, the window for making meaningful tax decisions narrows. Whether you’re an employee, investor, homeowner, or new parent, a few strategic steps before December 31st  can lower your tax bill and position you for a smoother filing season. This guide breaks down the most important actions to consider as you prepare for the upcoming tax year. 🟢 1. Review Your Income and Withholding Many tax surprises happen because withholding or estimated taxes were off. 🔹 Check...

Required Minimum Distributions (RMDs) can be confusing, especially because the rules are different depending on the type of account you have. Whether you’re nearing retirement or handling a loved one’s estate, understanding how RMDs work can help you avoid IRS penalties and make smarter decisions. This article breaks down RMDs clearly with real examples you can follow. Understanding the Foundations of Effective Tax Preparation Strategies What Are RMDs? RMDs are the mandatory withdrawals  the...