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Alicia Tuovila

Alicia Tuovila

Alicia Tuovila is a Certified Public Accountant (CPA) with a master of science in accounting from University of Central Florida. She is currently licensed in the state of Tennessee.

Alicia has a background in public accounting and nonprofit accounting. Her vast accounting experience includes budget preparation, month- and year-end closing, financial-statement preparation and review, and financial analysis. Since 2019, she has written accounting, tax, and personal finance articles.

As of December 2022, Alicia also owns and operates a boutique fitness center with bungee fitness, aerial arts, dance, and yoga classes. She has enjoyed this journey into entrepreneurship, and it has given her a new perspective on the importance of accounting and compliance for small business owners.

Articles by Alicia Tuovila

How to Start a Business

How to Start a Business in 12 Steps

There is a lot to consider when you’re planning to start a business. This guide can help keep you on track so you can check off all those pre-opening boxes.

401(k) roll over

Rolling Over 401(k): An Essential Guide

When you separate from a job where you have an existing 401(k), you have options. Here’s how to roll over your 401(k) and the tax implications of doing so.

Custodial Roth IRA: What Is It And Where To Open One

What is a custodial Roth IRA and how does it work? Here’s everything you need to know about this retirement investment tool for children.

Best tax preparation software

Best Tax-Preparation Software 2024

Are you wondering which tax software is right for you? We have reviewed and compared the top six. Here’s where each one excels.

What Is Rule 72(t)?

What Is Rule 72(t)?

Internal Revenue Code Section 72(t) allows you to take early withdrawals from your retirement account without paying a penalty by using a substantially equal periodic payments (SEPP) plan. Here’s what you need to know.

best balance transfer credit cards

Best Balance Transfer Cards with 0% APR for June 2024

One powerful tool for shaking off high-interest debt is a balance transfer credit card. You can save yourself quite literally thousands of dollars.

merchant cash advance

Is a Merchant Cash Advance (MCA) Right for Your Business?

A merchant cash advance (MCA) can provide you with access to funds quickly when your business is in need of cash, but be aware of the high APR on repayment.

Tax return forms and wage statements with note Taxes Due

Tax Planning: What It Is, How It Works, and Best Strategies

Want to cut your tax bill and save more money for your financial goals? Tax planning can help. This article outlines how it works.

Roth vs Traditional IRA

Roth vs. Traditional IRA: Key Differences & How to Choose

Here are some key differences between a Roth IRA and a traditional IRA to help you choose the best investment account for your personal situation.

average tax refund

What Is the Average Tax Refund?

Wondering if your tax refund is typical? What is a tax refund, anyway? Here is what you need to know about tax refunds and the average refund in 2023.

Educational Tax Credits and Deductions

Educational Tax Credits and Deductions You Can Claim for Year 2023

If you’re a student or have paid for a student’s education, you may be eligible for education tax benefits in the form of credits and deductions. Here is a guide.

tax advantaged accounts

All You Need to Know About Tax-Advantaged Accounts

What are tax-advantaged accounts? Should I open one? What are the benefits? Here’s a helpful guide to the many types of tax-advantaged accounts.

LLC

How To Start An LLC in 10 Steps

Trying to set up an LLC for your new business? Here is everything you need to know.

itemized deductions

Itemized Deductions: Definition, Examples & When It’s The Right Option

What are itemized deductions? When should you itemize your deductions? Make an informed decision with this guide.

standard vs itemized deductions

Standard Deduction vs. Itemized Deductions: Which Is Better?

What’s the difference between the standard deduction and itemized deductions? Which one is better? Here’s a guide to help you decide which one is right for you.

pay credit card early

When Should You Pay Your Credit Card Bill?

Paying your credit card early may ease your mind as your billing due date arrives, but it may also improve your credit score.

how to lower tax bill

10 Tips to Cut Your Tax Bill

There are certain things you can do—at tax time and throughout the year—to maximize your tax benefits and minimize your taxes due. Here are our 10 top tips.

Tax preperation

Tax Prep Checklist: Documents to Gather Before Filing

You can save significant time at tax time by preparing now. Here are the documents you should gather in advance of filing your taxes.

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