Taxes

Are NIL Donations Tax Deductible?

We recently had a business owner client approach us about his daughter going to college. She is a volleyball athlete and was awarded a full tuition athletic scholarship to her preferred college, BUT it didn’t start until her sophomore year. This had us thinking… are there any special tax provisions related to athletes that would […]

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Estimated Tax Payments

At Cerebral Tax Advisors, we recommend making your tax payments via the government’s secure payments links. This helps to eliminate your payment being lost in the mail and reduces human error with entering your payments into the IRS and state systems.  Following is a list of online tax payment websites for the IRS and states.

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Top 6 Tax Tips for Dentists in 2022

Running your own dental practice can mean high income, but this also means high tax liabilities. Luckily, dentists can benefit from a large variety of tax deductions if implemented properly. In this article, we have outlined six of our favorite, easy to implement tax tips for dentists. 1. Increase your retirement contributions Investing back into

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