Taxes Made Simple

A lot of people are talking about moving to Puerto Rico to avoid having to pay taxes to the IRS. But it’s not that simple. In this episode, we discuss the considerations that need to be thought through before making this decision.

The current tax and audit regime is changing. Taxes are going up for those making more than $400K and for corporations. On top of that, more funding is going to the IRS to increase their capacity to audit and collect. These are the developments over the last month that you need to know.

The Biden Administration will be doubling the long-term capital gains tax rate for those earning more than $1 Million. What should you do if you think you’re going to get caught in the crosshairs? Dark Horse CEO and Co-Founder, Chase Birky, explains.

If you own a restaurant or bar, you need to be aware of the Restaurant Revitalization Fund Grant Program. These grants can reach 7-figures depending on your circumstances. And, you're going to need to be ready to act quickly.

Hint: You’re probably not going to like the answer…

Learn about the tax credits and deductions that have changed for 2020 and 2021 as a result of the passage of the American Rescue Plan Act and why you might want to do whatever you can to reduce your 2021 AGI.

This week’s episode details some major updates to President Biden’s Stimulus Bill as well as a change to the Paycheck Protection Program that allows for increased loan amounts for Schedule businesses (sole proprietors, independent contractors, freelancers, etc.)

Dark Horse CEO, Chase Birky, details what businesses and individuals need to know about what’s in President Biden’s stimulus package, slated to become law in March.

Learn what you need to know about C Corporations (and why investors prefer them) before you decide on which entity type is best for your business. Join Dark Horse CPA, Erik Hegstad, as he takes you through the quick & dirty on C Corps.

Learn what you need to know about LLC taxation before you decide on which entity type is best for your business. Join Dark Horse CPA, Erik Hegstad, as he takes you through the quick & dirty on LLCs.