Tax Benefits When Hiring Your Children
If you have children and own a business, here is a strategy worth your attention: hire them. Consider one example:...
2026 Section 199A: Proprietorship or S Corporation?
If you operate your business as a proprietorship, a partnership, or an S corporation, tax code Section 199A can give...
Three Tests That Decide Your Self-Employed Health Insurance Deduction
The self-employed health insurance deduction is one of the most valuable adjustments available to you. It reduces adjusted gross income...
2026 Meal Deduction Changes: What’s Still Deductible and What Isn’t
If your office ever brings in pizza to power through a busy afternoon, keeps snacks and coffee stocked in the...
Protect Your Home-Office Deduction (Part 2)
In Part 1, we discussed how a home office can qualify even when you have only a few square feet...
The Home-Office Deduction for 3 Square Feet (Part 1)
Many business owners assume they cannot claim a home-office deduction because their home is too small. In fact, the tax...
Deducting the Loss on Your First Flip
If your first house-flipping project ended in a loss, don’t assume you’re limited to deducting only $3,000 per year. Depending...
Pathway to Deducting Non-Cash Gifts Over $5,000
Donating non-cash property to charity can be a meaningful way to support organizations you care about while also providing a...
Eight Common Questions Business Owners Ask About the Augusta Rule
In last week’s article, we introduced the Augusta Rule and how it can provide valuable tax savings when you rent...
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