Pathfinding Consultants

Depreciation is a powerful yet often misunderstood tool that can significantly impact your business’s tax obligations. By systematically...

Reducing taxable income is a key goal for individuals and businesses, helping minimize tax liabilities while staying compliant with the...

Progressive and regressive taxes are two key tax systems that affect how individuals and businesses pay taxes. Progressive taxes increase...

For consultants, managing finances often extends beyond just earning income—it also involves navigating the complexities of tax...

Income tax is a tax on the money earned by individuals or businesses each year. Most systems are progressive, meaning higher income is...

Depreciation and Section 179 deductions are essential for businesses aiming to reduce taxable income. These strategies help recover the cost of assets effectively. Depreciation spreads expenses over an asset’s useful life. In contrast, Section 179 allows for immediate expensing of up to $1,160,000 in 2025, with a phase-out beginning after $2,890,000. Additionally, bonus depreciation, set at 80% in 2025, provides another avenue for upfront write-offs. Selecting the right metho

An IRS audit reviews your tax return to verify accuracy. To prepare, gather past tax returns, bank and credit card statements, receipts,...

Small businesses often lose thousands of dollars to avoidable tax mistakes. The most common errors include: Mixing personal and business...

As the calendar year winds down, small business owners face a critical window of opportunity to optimize their tax situation. Year-end...

Payroll taxes are mandatory taxes that employers withhold and remit on behalf of employees.  They fund Social Security, Medicare,...

For business owners, understanding capital gains tax is essential when selling assets like company shares, real estate, or other...

Pass-through taxation means business income is taxed only once, at the owner’s personal tax return, avoiding double taxation Pass-through...

Income splitting  is a powerful tax planning tool that helps business owners legally reduce their overall tax burden by allocating income...

For small business owners, knowing how to maximize tax deductions is a powerful way to improve profitability. A tax deduction lowers...

To reduce your taxable income legally, you can maximize contributions to retirement accounts like 401(k)s and IRAs, deduct legitimate...

Understanding how progressive tax impacts business growth and scaling is crucial for any company aiming to expand. This article explores...

As an entrepreneur, managing your taxes can be challenging. Quarterly estimated taxes, a complete guide for entrepreneurs, are payments...

Key Takeaways Tax credits directly reduce the amount of tax owed, while tax deductions decrease taxable income, resulting in a lower tax...

Key Takeaways C corporations face double taxation on profits, while pass-through entities like S corporations and sole proprietorships...

Key Takeaways Marginal tax rates apply only to income exceeding specific thresholds, enabling higher earners to pay more without losing...