The Sovereign CPA Blog Page

Three people sitting around a computer discussing their financial plans in Birmingham.

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

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A piece of paper that reads “Estate Planning” with a pen and glasses on top of it in Birmingham.

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

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A Birmingham CPA looking at a tablet while helping a small business owner.

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

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Tax forms with a calculator and two yellow sticky notes on top that read “Taxes” and “Need help?” in Birmingham.

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

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A financial advisor shaking hands with a Birmingham couple after helping them with their financial planning.

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

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A group of individuals at a desk with a laptop and calculator working on financial planning strategies.

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

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

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

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CPA Firm | Birmingham, AL | Sovereign CPA | Tax Services

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

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