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Powell Tax Law Blog

tax credits

Maximizing End-of-the-Year Tax Credits: What You Shouldn't Overlook

As the year draws to a close, savvy taxpayers know it's time to start thinking about maximizing their tax credits. These valuable tools can significantly reduce your tax liability, potentially leading to a larger refund or a smaller tax bil...

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Top Tax Deductions for Small Business Owners: Maximize Your Savings

Small Business owners working together
As a small business owner, navigating the complex world of taxes can be daunting. However, understanding and utilizing available tax deducti...
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Cryptocurrency Taxes: How They Work and What Gets Taxed

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Cryptocurrency awareness and ownership have skyrocketed in recent years like the price of its shining star Bitcoin, which this summer trades...
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New IRS 1099-K Reporting Rules for PayPal, Venmo, & Other Payment Apps

Payment apps
Until recently, if you wanted to pay for something you had to use one of the “four C’s” of payment methods: cash, check, credit card, or cha...
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