Anthony F Bruce LLC CPA

Anthony F Bruce LLC CPA Tax Planning & Advisory - Tax Liability is NOT a function of Tax Preparation, it's a function of Tax Planning

Ouch! The Estimated Tax Penalty Is at a 16-Year HighThe United States has a “pay as you go” tax system in which payments...
02/03/2024

Ouch! The Estimated Tax Penalty Is at a 16-Year High

The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned, whether through withholding, by making estimated tax payments, or both.

Individuals and corporations that underpay their taxes during the year are assessed estimated tax penalties by the IRS. The estimated tax penalty (also called the “underpayment penalty”) is calculated separately for each quarter based on the amount of unpaid tax for that quarter.

Let's setup a time to lower your tax bill...

https://calendly.com/afbcpa-1/15min

With more and more employees working remotely, it's important to understand the tax implications of this new way of work...
02/02/2024

With more and more employees working remotely, it's important to understand the tax implications of this new way of working. From deductions for home office expenses, to tax implications for employees who travel frequently, there are a lot of nuances to consider.

Here are some key things to keep in mind as you navigate the tax implications of remote work:
If you're working from home, you may be able to deduct a portion of your rent or mortgage as a home office expense
If you're traveling frequently for work, you may be able to deduct some of your travel expenses
Be aware of any state tax implications if you're working remotely from a different state than your employer

Don't miss out on your opportunities to save this year. Book a call now! https://lnkd.in/ergBe2G

It’s that time of year again, where you sit in anguish again. Where you ask yourself questions like:👉 Why you didn’t sa...
01/26/2024

It’s that time of year again, where you sit in anguish again.

Where you ask yourself questions like:

👉 Why you didn’t save that receipt….
👉 If that trip you took really counts as a ‘business trip’...
👉 If thhe IRS is gonna come after you for that $400 meal…

And look, we get them all the time. We help business owners to ensure they are not leaving any money on the table come tax time.

Don't miss out on your opportunities to save this year. Book a call now!: https://lnkd.in/ergBe2G

P.S. with the new tax laws that have recently come into effect, there may be even more opportunities for savings that you're not aware of.

As a freelancer or independent contractor, you have the freedom to work on your own terms, but that also means you're re...
01/24/2024

As a freelancer or independent contractor, you have the freedom to work on your own terms, but that also means you're responsible for your own taxes. One of the biggest challenges of self-employment is making sure you're taking advantage of all the tax deductions and credits available to you.

That's why I'm writing to share with you the top tax-saving strategies that can help you reduce your tax bill and keep more of your hard-earned money.

There are many ways to reduce your tax liability as a freelancer or independent contractor. I work with strategies for freelancers and independent contractors that cover ways to maximize cash in hand and reduce your tax bill.

Schedule a time to chat and we'll walk through:

👉Deductions for home office expenses and business equipment

👉Tax-saving strategies for health insurance and retirement savings

👉Tips for keeping accurate records and tracking expenses

How to handle self-employment taxes
And much more!

Let’s talk about how we can save you money this year: https://lnkd.in/ergBe2G



Anthony F Bruce L.L.C. has achieved positive results for its clients, but the successes of our top clients are not typical. Because past performance is not a predictor of future success, you may have more or less success depending on many factors, including your background, experience, work ethic, client base and market forces. Additionally, at times we may discuss the law or new and pending legislation.

Are you working from home these days? Well, guess what - that means you're in luck! The home office deduction can be a m...
11/27/2023

Are you working from home these days? Well, guess what - that means you're in luck! The home office deduction can be a major tax savings opportunity for all you work-from-home warriors out there.

We know, the rules and regulations around it can be a bit of a headache. That's where we come in, we're experts in navigating the ins and outs of the home office deduction.

We'll make sure you're claiming it correctly, so you can get the most bang for your buck. Here's a little sneak peek of what we'll cover:
Make sure you're using a specific area of your home exclusively for business purposes
You can claim a percentage of your home's expenses, like mortgage interest or property taxes
You can also claim a depreciation for the business use of your home.

https://lnkd.in/ergBe2G

Do you own rental property... what's the optimal way to capture deductions and increase cashflow ?
11/04/2023

Do you own rental property... what's the optimal way to capture deductions and increase cashflow ?

As a former software engineer, I'm intimately familiar with the development life cycle and can develop a strategic plan...
10/20/2023

As a former software engineer, I'm intimately familiar with the development life cycle and can develop a strategic plan to optimize the R & D Tax credit.

ATTENTION: Small Business OwnersThe way to reduce your tax bill for 2023 & beyond is to be Proactive. If you're clea...
09/25/2023

ATTENTION: Small Business Owners

The way to reduce your tax bill for 2023 & beyond is to be Proactive.

If you're cleaning up 2022, you're cheating yourself.

Greetings, Check out our latest episode talking about proactive approaches to tax management for small businesses by fo...
09/21/2023

Greetings,

Check out our latest episode talking about proactive approaches to tax management for small businesses by following the link below.

https://www.youtube.com/watch?v=Fueqpy5D4Kw

Take a look and let us know what you think. And don't forget to like and subscribe!!!

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405 Kings Highway South
Cherry Hill, NJ
08034

Telephone

+18564290292

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