Category: <span>Business Expenses</span>

2021 Last Min – Year End Retirement Deductions

2021 Last Min – Year End Retirement Deductions

2021 Last-Minute Year-End Retirement Deductions The clock continues to tick. Your retirement is one year closer.  You have time before December 31 to take steps that will help you fund the retirement you desire.  Take a few minutes to review the four retirement plan...
Tax Code Offset Game

Tax Code Offset Game

2020 Last-Minute Year-End Tax Strategies for Tax Code Offset When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2020 income taxes.  The tax code contains the basic rules...
Starting a New Business? Get Up to $100,000 in Tax-Free Money

Starting a New Business? Get Up to $100,000 in Tax-Free Money

Starting a New Business? Get Up to $100,000 in Tax-Free Money You likely already know that the employee retention credit (ERC) is a good deal—if you qualify.  Now, thanks to the recently enacted American Rescue Plan Act of 2021 (ARPA), you can qualify for up to...
Five things to know about employing your spouse.

Five things to know about employing your spouse.

Five things to know about employee in your spouse 1. Pay Your Spouse Tax-Free Employee Benefits, Not Taxable Wages   You’ll realize no tax savings if you put your spouse on the payroll and pay him or her cash wages.  Employee wages you pay your spouse are fully...
Tax Issues of Converting Your Residence into a Rental Property

Tax Issues of Converting Your Residence into a Rental Property

Tax Issues of Converting Your Residence into a Rental Property The simple maneuver of converting your personal residence to a rental property brings with it many tax rules, mostly good when you know how they work. The first question that arises when you convert a...