Running a podcast is not easy, it requires a lot of dedication. It pays to have a partner who can keep you accountable.
The home office reimbursement is a potential tax strategy that a corporation or partnership can use in their accountable plan.
One of the profit decisions business owners need to make is around vehicles. Should you buy a new vehicle or a used one? Can you buy a vehicle with all of your profit and get a tax deduction for it?
Did you know you could get a refund for the Social Security and Medicare taxes you’ve paid on your employees’ wages?
Every decision is a profit decision. So you want to make sure you’ve got all your bases covered when it comes to making business decisions. One of the ways you can make it through these challenging times is by taking advantage of the Employee Retention Credit.
Ever heard of the “Masters Rule”? This rule allows you to rent your home to your business for 14 days tax-free. This post includes more details about this strategy and how to do it legally.
Profit Planners, rejoice! There’s a new deduction in town. Actually, it’s not that new. It’s been around since 2013. But it remains one of the most ignored deductions available to online business owners. Consider this statistic: Although an estimated 26 million Americans have home offices, just 3.4 million taxpayers claim home-office deductions. For those suffering from audit paranoia, Forbes…