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Powell Tax Law Blog

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Top Tax Deductions for Small Business Owners: Maximize Your Savings

As a small business owner, navigating the complex world of taxes can be daunting. However, understanding and utilizing available tax deductions can significantly reduce your tax burden and boost your bottom line.

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The Power of Giving: Understanding Donations & Charitable Contributions

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Americans have had a long and rich tradition of philanthropy and charitable contributions, and today donations are not only a powerful tool ...
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Tax Considerations for Retirement Planning

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Retirement planning is a complex process that requires careful consideration of various financial aspects, with tax planning being one of th...
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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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