A dollar sign with a slach through it and the words IRS and penalty surrounding the dollar sign.

Got IRS Penalties? Know the Rules, Pay Nothing

The IRS can impose harsh penalties for late tax filing, unpaid taxes, or employment tax errors. But, there are ways to reduce or even remove these penalties.

Find out more
someone juggling several balls representing income from multiple businesses

Maximize Your Tax Deductions: A Guide for Those with Multiple Income Streams

Explore the key tax deductions available to individuals with multiple income streams and provide practical tips on how to leverage these deductions to maximize your tax savings.

Find out more
Multiple empty lots with for sale signs posted on each one.

Real Estate Sales: Will You Pay Capital Gains or Ordinary Income Tax?

Selling real estate can greatly impact your taxes if the profits aren’t classified properly.

Find out more

Double the Benefits: Hire Your Child to Lower Your Taxes

As a business owner, you're always looking for smart strategies to save money and maximize the benefits your company can offer. One lesser-known yet highly advantageous strategy is hiring your children to work for your business.

Find out more
picture of buildings and people on a college campus

Avoid Costly Mistakes: Maximize Your 529 Plan Benefits Today

As a new college year begins, it's important to remember what expenses are covered by a 529 plan. Understanding this can help you make the most of your savings.

Find out more
a landscape picture of vacang land

Tax Deductions for Investments in Vacant Land

Purchasing vacant (unimproved) land can be a great way to get into real estate investing.

Find out more
a building being built to show cost segregation

Unlock Tax Savings with Cost Segregation for Real Estate

cost segregationis a powerful tax strategy that can significantly enhance cash flow by accelerating depreciation deductions.

Find out more
a house for rent representing the augusta rule

Augusta Rule: A Valuable Tax Strategy

Explanation of the Augusta Rule and how it can save you taxes.

Find out more
the number 10 for 10 questions to ask your tax advisor

10 Important Questions to Ask Your Tax Advisor

To make the most of your relationship with your tax advisor, it's important to ask the right questions.

Find out more
someone frustrated looking at their tax return

Why You Are Frustrated With Taxes and How to Stop It

Understanding taxes is frustrating, but there are ways you stop this feeling.

Find out more
a risign chart of tax savings from reviewing a tax return

Boost This Year's Tax Savings by Reviewing Last Year's Return

Review last years tax return for ideas on how to save taxes this year.

Find out more
sign in a window that reads pay your tax now for estimated taxes

Do I Have To Pay Estimated Taxes?

Information about estimated tax and who needs to pay them.

Find out more
irs audit of a tax return

How Long Does the IRS Have to Audit Your Tax Returns?

The timeframe the IRS has to go back and audit tax returns.

Find out more
graduation cap representing a 529 account

What to do With an Overfunded 529

Things you can do with the money left over in a 529 plan.

Find out more
A take out meal being put in a paper bag

Working Overtime? Enjoy It With Tax-Free Supper Money

A fringe benefit that a company owner can take advantage of.

Find out more
a business owner paying a spouse

Should I Hire My Spouse?

Save on taxes by paying your spouse.

Find out more
chess pieces representing different tax strategies

What are Tax Strategies and Who are They For?

Description of tax strategies and some examples of tax strategies business owners can use.

Find out more
a person talking about retirement plans

4 Steps to Choosing the Right Retirement Plan

Steps for choosing the right retirement plan for a small business owner.

Find out more
Picture of a home office

Deducting Home Office Expenses

How to deduct home office expenses on a tax return.

Find out more
dollar bills with the words tax planning written on top

Year-Round Tax Planning for Businesses: A Roadmap to Financial Success

Year-round tax planning tips to help maximize tax deductions.

Find out more
Rental sign for a real estate investment

Tax Tips for Real Estate Investors: Maximizing Returns and Minimizing Taxes

Tax tips for maximizing a real estate investment and paying less taxes.

Find out more
Picture of identity theft taking place

I'm a Victim of Tax-Related Identity Theft. What Do I Do?

What to do if you can't file your tax return because someone stole your identity.

Find out more
a subcontractor talking to someone

Can I Treat Someone as a Subcontractor Instead of an Employee?

Rules for paying someone as an employee vs a subcontractor.

Find out more

Not ready to book a call yet? Sign up for our newsletter to get free tax advice delivered to your inbox.

Sign up

© 2024 © 2024 McSwain Hiott CPA · 1535 Hobby Street, Unit #300-G, North Charleston, SC 29405

Privacy PolicyTerms & Conditions

page-logopage-logopage-logo