Juggling a 403(b) and a Solo 401(k)? You're not alone! Many professionals today have a mix of W-2 and 1099 income, making retirement planning a bit more complex. But don't…
The Simplified Home Office Deduction, introduced in 2013 to ease the burden on small business owners and those working from home, allows eligible taxpayers to take a standardized deduction of…
At XOA TAX, we often hear the phrase "tax write-off" used casually, especially in online discussions. While it might seem like a magic trick to reduce your taxes, the reality…
Imagine this: Your crowdfunding campaign takes off, you hit your funding goal, and you're ready to launch your dream business in the Golden State. But wait! Before you celebrate with…
At XOA TAX, we often see business owners focus heavily on tax preparation when April 15th rolls around. While accurate tax preparation is essential, it's only one piece of the…