How Do I Write Off a Business Vehicle?

by Mike Jesowshek, CPA | Sep 27, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2

What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?

by Mike Jesowshek, CPA | Sep 26, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2

Unlock Tax Savings: The Augusta Rule – Your Guide to 14-Day Tax-Free Home Rentals

by Mike Jesowshek, CPA | Sep 14, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2

Do you use your home for business events such as shareholder meetings, team retreats, client meetings, employee meetings, etc? If so, this is one tax strategy you definitely want to be check out! The 14 Day Home Rental / Augusta Rule is a piece of the tax code that...

Kiddie Tax Explained: A Comprehensive Guide for Parents

by Mike Jesowshek, CPA | Sep 10, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2

Parents need to be aware of the Kiddie Tax, a provision that was instituted in the United States to prevent parents from taking advantage of their children’s tax-free status. The tax affects minors’ unearned income and can have significant financial consequences...