The Sovereign CPA Blog Page
Can Planning Prepare Me for Life’s Unexpected Expenses?
Life is full of surprises, and unexpected expenses can catch us off guard when we least expect them. Whether it’s a sudden medical emergency, car repair, home maintenance, or any other unforeseen event, having a solid financial foundation can make all the difference. The Goal of Financial Planning The primary goal of financial planning in
Why is a CPA Important in My Estate Planning
Estate planning is the process of arranging for the distribution of an individual’s assets and wealth upon their death. Ideally, estate planning in Birmingham, AL is a coordinated effort of a team of professionals such as CPAs, attorneys, and investment advisors. The Key Components While specific components can vary based on your circumstances, it’s important
How a CPA Can Help Your Small Business
If you are starting a new business or have been operating your business for a while now, you should strongly consider working closely with a Birmingham CPA. Accounting services can address several areas of your business to ensure your finances and business will grow. How can a CPA help your small business? Assessing New Businesses
How to Make Filing Your Taxes Easier
This tax season, like every year, will bring new and different complexities. You might wonder about new tax breaks and credits and how they can be rewarding, challenging, or both! Some of the best advice one can give you right away? Always file electronically. This is one of the best things to do to get
What Is the Best Age to Start Your Financial Planning
Financial planning is the process of looking at your financial picture at a glance, and usually, a professional advises clients on how to achieve their goals. Sovereign CPA is Birmingham’s go-to for financial planning, estate planning, and much more. If you want to learn more, we’re the best place. Here, we will discuss when you
Common Financial Planning Mistakes to Avoid in Birmingham
Being prepared for your financial future is a critical way to ensure you have stability and security in your life. It’s easy to feel lost in information and uncertain as to where you can get credible advice. At Sovereign CPA in Birmingham, we focus on how our clients can make educated decisions about their finances
Why You Should Prepare for Retirement in Your 20s and 30s
Time goes in a flash. This might sound cliche, but every parent tries to warn their young children how quickly time will pass. Young people, however, have a difficult time understanding this. Yet, given the difficult financial and social circumstances of recent years, it’s become more common for young people to start planning for retirement
5 Tax Tips Every Small Business Owner Should Know in 2022
In addition to the day-to-day hustle and operations, small business owners must contend with the convoluted web of IRS regulations and requirements to ensure compliance and good standing. Embedded within the web of IRS regulations are plenty of business credits and deductions that can benefit the small business owner, but they are not always clear-cut
Opening a Business in 2022: Tax Strategies & Tips For Rising Above the Challenges
From sole proprietorships and small businesses to mid-size companies and corporations, the history of entrepreneurship and a go-getter attitude has a long-running history in this country. And yet, at the heels of the pandemic, at the door of rising inflation, and in the midst of political upheaval across the globe, is it a good idea
