Why the 4% Retirement Rule Is Outdated
For years, the 4% rule has been the golden staple that all financial advisors recommend that retirees follow. However, we will discuss why the 4% rule is outdated. Instead of using the 4% rule, we will explain what you can do to live your best retirement life without running out of funds. Before I explain […]
Top 7 Reasons Why No Business Should Neglect Bookkeeping
In this blog, we will discuss seven reasons why no business should neglect bookkeeping. Bookkeeping is the organization of financial information, and it’s crucial for the long-term success of any business. 1. Performance Analysis Bookkeeping is a wonderful tool for analyzing business performance. This allows you to know your business’s current strengths and weaknesses. Once […]
How Investing in Real Estate Can Save You Money on Taxes.
If you’re on this page, you’re probably considering investing in real estate to save money on taxes. You might have heard on social media apps about people like Donald Trump investing in real estate and paying zero dollars in taxes and wondered how you can do it too. In this blog, I will explain how […]
7 Common Money Mistakes To Avoid In Your 20’s & 30’s
#1: Not Saving Your Hard-Earned Money New data shows that 42% of Americans have less than 1,000 in savings. Saving money is important because you never know when something bad might happen. For example, say your tire goes flat, and you must pay over $200 to replace the tire. Saving money is also important when […]
4 Tips To Budget For Rising Taxes As a Freelancer
Say you have been freelancing for a while, and thanks to your hard work, you are now making more money as a freelancer than you ever did in your entire life. Well, first off, congrats! However, sometimes when you make more money, more problems can lurk around the corner. The main problem is higher taxes. […]
8 Steps To Turn Your Hobby Into a Business
Everyone has a hobby. Hobbies are activities you do in your past time to have fun and enjoy life. But what if you could turn your hobby into a business? That means you could do what you love while making money simultaneously. According to the IRS, that might be possible if your hobby meets certain […]
Tax Deductions Vs. Tax Credits, Which Is Better For Your Wallet?
This is one of many guides that teaches you how our tax system works. If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops! After reading this, you will have a full understanding of tax deductions […]
Tax Compliance Vs. Tax Reduction with Kenneth Dennis
Tax season is here! Right now, you’re probably wondering how you can save the most money on taxes possible this tax season. That’s why I created this blog post. Once you read this blog post, you will understand the difference between tax reduction and tax compliance and know how to save the maximum amount of […]
4 KDA Resources to Better Your Tax Game!
Knowledge is power. Those knowledgeable in tax law and strategy save the most in taxes every year. Here at KDA, we often get many questions about how we can help you learn, stay connected, and get up-to-date tax information. Our team is working around the clock to bring content to your fingertips. So without further […]
3 Reasons Why You Should Wait To File Your Taxes In 2023
February 09, 2023 Topic: IRS If you like to file your taxes early and get it out of the way, you might want to hold off for a little bit. The IRS just released a statement warning taxpayers not to file their taxes right away to avoid complications later on. In this blog post, I will […]