Archives
Get More from Your Self-Employed Health Insurance Deduction
May 31, 2023
If you are a self-employed shareholder of at least 2% in an S-corporation, you may be subject to different tax laws. It is very important to understand how to report your health insurance expenses for the best tax benefits. Otherwise,… Read Now >>
Is Your Estate Plan Up-to-Date?
May 24, 2023
Whether you are ultra-rich or just have some wealth and important assets worth protecting, you need an estate plan. Too many people and their families fall victim to poor estate planning each and every year. You want to make sure… Read Now >>
Help a Family Member Buy a House with a Family Home Loan
May 16, 2023
Do you have a family member looking to buy a home, but is in need of your financial assistance? Here is a great way to provide them with a personal home loan, while both you and them benefit from a… Read Now >>
New EV Tax Credit Rules for Electric Vehicles
May 10, 2023
The IRS has updated its tax rules for electric vehicles. There are four ways you can take advantage of a federal EV tax credit for qualified electric vehicles placed into service in 2023 or later: Purchase a new EV and… Read Now >>
Education Fringe Benefits for Family Employees
April 26, 2023
If you have children who work in your business, you should consider offering them education fringe benefits. When you do this right, you can create some excellent tax deductions for your business while also providing tax-free education benefits for your… Read Now >>
Is Your Company Gym Tax Deductible?
April 19, 2023
Are you thinking about creating a company gym, fitness center or other athletic facility for your employees? It can be a great feature for a business campus. And, it is an excellent employee benefit to help with attracting and retaining… Read Now >>
Should You Consider an IRA to HSA Rollover in 2023?
April 13, 2023
Health Savings Accounts (HSAs) can be highly effective when you have a high-deductible health plan and significant medical expenses. In addition to helping cover medical costs, they can also function as an excellent retirement account because they have three unique… Read Now >>
How NFT Transactions Can Affect Your Taxes
April 11, 2023
If you bought, sold, donated or received a non-fungible token (NFT) in 2022, you must answer “yes” on the digital assets questions of your IRS Form 1040. You may also be liable for paying taxes or be able to claim… Read Now >>
The Basics of FDIC Insurance
March 23, 2023
When you open a bank account such as a checking or savings account, you may notice that the bank says they are FDIC-insured. It’s something a lot of people don’t even pay much attention to. However, it could ultimately make… Read Now >>
How to Maximize Tax Deductions from Your Meals and Entertainment
March 15, 2023
There have always been many questions surrounding tax deductions for business meals and entertainment. The past two years had very generous tax deductions thanks to President Biden’s Consolidated Appropriations Act of 2023. Businesses were able to deduct 100% of business-related… Read Now >>
