Should You Turn Down a Raise?
“I don’t want to make more money because I’ll end up in a higher tax bracket and lose more to taxes!” This is a common
“I don’t want to make more money because I’ll end up in a higher tax bracket and lose more to taxes!” This is a common
A massive tax refund feels great—until you realize what it actually means. You overpaid your taxes all year, and now the IRS is just giving
I posted recently about the benefits as a business owner of hiring your kids to work in your business. When I speak with clients about
Hiring your children in your business doesn’t just keep them busy & teach them life skills, it is a great tax strategy. Some of the
Following up on my prior post about S-Elections, I wanted to expand on the concept of “reasonable compensation.” After all, if S-Corp owners only have
The s-election gets a lot of buzz online, but will it save you taxes? So, when you start a business by yourself (or a single-member
An NOL (Net Operating Loss) is just a tax term for when your business losses money in a year. While losses are never fun, the
If you recently purchased, or built, a building, a cost seg may unlock massive tax deductions for you.A cost segregation study (“cost seg” for short)
When fire, flooding, or a break-in wipes out your stuff, the IRS may let you write off some of the loss. The IRS defines a
If you have employees who have been affected by disasters such as hurricanes, tornadoes, floods or wildfires, you may be able to help them financially
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