Before you know it 12/31/21 will be gone and we will be onto 2022. One thing we talk about often is that once the clocks turns to 1/1 a vast majority of tax strategies are no longer available. Today we are going to go through some of the top strategies you want to be...
This is the first post in our “Healthcare Mini Series”. We wanted to take the time to dive into some strategies around healthcare and that is what we will be doing the next couple of weeks. When you are self-employed your health insurance premiums for you...
There is so much confusion around what is deductible for business owners so we are going to try and spend some time outlining it here. We see questions around allowable business deductions pop up all the time in our Free Facebook Group so if you haven’t checked...
Hiring your kids is one of the top kept tax saving secrets. Now when we start this conversation with clients a lot of people cringe and think this is something that the IRS surely would not allow. However, that is not the case. This is actually discussed directly in...
In this article we are going to talk about the reasonable compensation aspect of electing S Corporation status. That is the $1,000 question. Unfortunately the IRS does not give us clear guidance in this area but they are able to point us in a direction at least. The...