Pay your kids through your business and turn family expenses into tax write-offs. Done right, you save thousands, avoid payroll taxes, and teach your kids real-world entrepreneurship.
Business vehicle write-offs under current law help company owners deduct more than ever – faster than ever – from their taxes. But the specifics are sometimes confusing (not to mention they can change year by year). Never fear: I’m here to help. Let’s dig into the nitty-gritty of vehicle write-offs for your business, so you
Businesses need to file a form 1099-NEC for every person for whom they pay $600 or more over the course of the previous tax year. A 1099-NEC form is only necessary for people who are NOT employees, such as contractors.
Misclassifying workers as subcontractors instead of employees might feel like a shortcut, but it can destroy your business. Learn how the IRS and states actually define each role, the seven risks of getting it wrong, and what steps to take to protect yourself.
LLCs aren’t magic, but when structured the right way, they’re one of the most powerful tools for building and protecting wealth. Learn the five LLC types the wealthy actually use and how they fit into a complete Trifecta structure for tax planning and long-term protection.
Passing a business to the next generation takes more than good intentions. Most family businesses fail because they skip the planning, structure, and conversations that matter. With the right legal tools and early preparation, a business legacy can survive and thrive for generations to come.
The Solo 401(k) is the ultimate retirement plan for small business owners and side hustlers. This guide breaks down how to set it up, fund it, invest beyond Wall Street, and keep it compliant.
Most small business owners and side hustlers qualify for a Solo 401(k). This plan offers unmatched flexibility, high contribution limits, and powerful tax advantages. Part 1 breaks down who qualifies and the top 10 benefits that make it the ultimate retirement tool for entrepreneurs.
The corporate veil isn’t automatic. If your LLC or corporation isn’t properly maintained, one lawsuit or audit can expose your personal assets. Learn how to keep your structure legit, protect your wealth, and avoid the mistakes that let courts pierce your business protections.
The IRS isn’t ignoring crypto. Every trade, swap, and sale has tax consequences. But with the Trifecta, you can protect assets, cut your tax bill, and keep more of what you earn.
Struggling to pay your taxes? You’re not alone. From filing strategies to IRS payment options, hardship extensions, and even debt relief programs, here are the steps to stop the penalties from piling up and get back in control.
Year-end tax planning isn’t about wasting money for a deduction, it’s about building wealth. The self-rental strategy helps business owners cut taxes, build equity, and turn rent payments into long-term financial freedom.
Think $1 million is out of reach? Think again. With the right Roth IRA strategy, consistent saving, and smart self-directing, you can stack tax-free wealth faster than you think. Here’s how to build your own million-dollar Roth IRA in 2025.
Hitting the $40K SALT cap? Business owners with the right structure in the right state can use a powerful workaround to deduct far more in state income tax. Here’s how to know if you qualify, what steps to take, and why timing is everything.
Most people think an LLC is just one piece of paper—wrong. From forming in the wrong state to skipping annual maintenance, these common mistakes can cost you money and protection. Here are the top 10 LLC mistakes we see every week, plus how to fix them fast so your LLC actually does its job.
