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The Garabedian Group, Inc.

Aug 144 min read

The 12 Strangest Taxes in History

Throughout history, taxes have been a fundamental aspect of governance, often reflecting the economic and social priorities of the times....

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How an Accounting Pro Can Help You Create and Stick to a Budget

The Garabedian Group, Inc.

Aug 75 min read

How an Accounting Pro Can Help You Create and Stick to a Budget

Maintaining a clear and effective budget is crucial for success. Yet, many businesses are overwhelmed by day-to-day operations, often...

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Avoid the Trap: Smart Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes

The Garabedian Group, Inc.

Jul 256 min read

Avoid the Trap: Smart Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...

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Maximizing Benefits and Navigating Pitfalls: Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift

The Garabedian Group, Inc.

Jul 186 min read

Maximizing Benefits and Navigating Pitfalls: Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift

A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as...

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Living Below Your Means: A Key to Entrepreneurial Success

The Garabedian Group, Inc.

Jul 113 min read

Living Below Your Means: A Key to Entrepreneurial Success

Starting a business is a thrilling adventure filled with dreams of innovation, independence, and financial success. However, the reality...

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Get Those Kids a Job: The Tax Advantages of Securing Summer Jobs for Your Children

The Garabedian Group, Inc.

Jul 44 min read

Get Those Kids a Job: The Tax Advantages of Securing Summer Jobs for Your Children

Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax. This generally applies to...

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Keep More of Your Money: Top 12 Tax Strategies for the High-Net-Worth

The Garabedian Group, Inc.

Jun 263 min read

Keep More of Your Money: Top 12 Tax Strategies for the High-Net-Worth

High-net-worth individuals face unique challenges in managing their wealth, particularly when minimizing tax liabilities. Our firm offers...

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Navigating the Complex World of Your Child's Tax Return

The Garabedian Group, Inc.

Jun 193 min read

Navigating the Complex World of Your Child's Tax Return

In an effort to prevent high-income parents from exploiting tax benefits by shifting their investment income to their children, who...

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Does working remotely while on vacation make it a tax-deductible business trip?

The Garabedian Group, Inc.

Jun 172 min read

Does working remotely while on vacation make it a tax-deductible business trip?

Common wisdom says you shouldn’t mix business and pleasure; however with the right planning and documentation you can swap meeting in a...

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Purr-fect Savings: The Secrets of Pet Tax Deductions

The Garabedian Group, Inc.

Jun 123 min read

Purr-fect Savings: The Secrets of Pet Tax Deductions

When tax season rolls around every year, many pet owners wonder if they can get a tax break for their furry companions – after all, “pet...

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Best Practices to Help You Avoid IRS Notices

The Garabedian Group, Inc.

Jun 43 min read

Best Practices to Help You Avoid IRS Notices

Tax law is as complex as it is daunting. Each year, countless taxpayers find themselves entangled in disputes that lead to the tax court....

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Secure Your Child's Financial Future: The Importance of Establishing Custodial Accounts Early

The Garabedian Group, Inc.

May 233 min read

Secure Your Child's Financial Future: The Importance of Establishing Custodial Accounts Early

As parents, ensuring the financial security of our children is paramount. One effective tool for this is a custodial account, a financial...

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5 Steps You Should Take Every Time You Open QuickBooks

The Garabedian Group, Inc.

May 162 min read

5 Steps You Should Take Every Time You Open QuickBooks

When it comes to managing your small business finances, establishing a consistent routine is important. This is especially true when...

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How Coverdell and 529 Education Savings Plans Differ

The Garabedian Group, Inc.

May 93 min read

How Coverdell and 529 Education Savings Plans Differ

The tax code provides two primary advantageous ways of saving for your children’s education. We frequently get questions about the...

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Tax Facts about Claiming Tax Benefits for Childcare Expenses

The Garabedian Group, Inc.

May 26 min read

Tax Facts about Claiming Tax Benefits for Childcare Expenses

Many parents who work or are actively looking for work must arrange for care of their children after the school day ends, on weekends...

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Securing Your Business's Future: Mastering Succession Planning

The Garabedian Group, Inc.

Apr 244 min read

Securing Your Business's Future: Mastering Succession Planning

For many business owners, the future is uncertain. Would you like to ensure the long-term success of your enterprise, reducing stress and...

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5 Essential Personal Finance Tips Every Millennial Should Know

The Garabedian Group, Inc.

Apr 186 min read

5 Essential Personal Finance Tips Every Millennial Should Know

As Millennials continue to navigate their financial journeys, understanding key tax and personal finance topics is crucial for achieving...

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Freshen Your Finances: QuickBooks Spring Cleaning Tips

The Garabedian Group, Inc.

Apr 92 min read

Freshen Your Finances: QuickBooks Spring Cleaning Tips

As the season changes and springtime approaches, it’s not just your home that could use a good cleaning. Your financial records,...

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The Garabedian Group, Inc.

Apr 26 min read

5 Essential Personal Finance Tips Every Millennial Should Know

As Millennials continue to navigate their financial journeys, understanding key tax and personal finance topics is crucial for achieving...

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A Comprehensive Guide to Business Cyber Security

The Garabedian Group, Inc.

Mar 205 min read

A Comprehensive Guide to Business Cyber Security

In the digital age, online security is among the most critical factors for any business. As more and more people are living their lives...

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