Running a podcast is not easy, it requires a lot of dedication. It pays to have a partner who can keep you accountable.
099: How to Determine Accountable Plan Reimbursements for Home Office – Part 2
The home office reimbursement is a potential tax strategy that a corporation or partnership can use in their accountable plan.
How to Help Kids Build Wealth with IRAs
Many people struggle with financial literacy and it’s important to start teaching and training your kids how to understand and utilize money while they’re still young.
084: How to Help Kids Build Wealth with IRAs
If you are a small business owner with children, putting your kids to work in the business is a great way to start helping them navigate some financial decisions.
Key Tax Deadlines For 2022
If you show up to your accountant or tax pro on the day your tax return is due or even a few days before, you’re likely too late to get it done in time.
Tax Planning Checklist for 2022
This is a great time of the year for tax planning – because it’s PROACTIVE and well-timed. Make sure these tax-reducing ideas are on your radar for 2022.
Understanding Tax Deductions for Mileage & Vehicles
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?
Understanding The Employee Retention Credit
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.
How to Legally Rent Your Home
for Tax-Deductible Business Purposes
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.
Don’t Miss This Easy Online Business Tax Deduction!
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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…