What types of Donations are a tax write-off?
Our government and society rewards taxpayers that donate with powerful tax incentives. Don’t feel bad to track your charitable giving and activities.
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Year-End Health Care Strategies for Small Business Owners
Here are important year-end healthcare savings and tax strategies to implement for every small business owner to consider. They could help you save thousands of dollars when you build your health-care plan of attack.
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What To Do During Difficult Personal Financial Times
Making these changes may be uncomfortable, but critical to survive. What do you have to lose? If your business is headed in the wrong direction, any change could make the difference!
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The Tax Strategy of being a Real Estate Professional
I’m often surprised how many taxpayers get fixated on being a Real Estate Professional as their primary tax-planning goal, while others avoid it like the plague. Yet, there are still others that don’t even know what the fuss is all about.
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Putting Your Children on Payroll
This has to be one of the most under utilized tax strategies by small business owners with families today. Many don’t realize that paying their children under age 18 is an excellent strategy to minimize their tax liability, not to mention it creates a host of other ancillary benefits.
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Designing a Powerful Executive Summary for Your Business Plan
The Executive Summary is the most important section of your Business Plan. It provides a concise overview of the entire plan along with a history of your company. This section tells the reader where your company is and where you want to take it.
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LLCs Must do Annual Maintenance Just Like Corporations
There are more and more cases of where the Limited Liability Company (LLC) is “pierced” in a lawsuit and the owner’s personal assets are grabbed by a plaintiff. The reason why…owners are not doing their annual maintenance.
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The Truth about Umbrella Insurance
So is umbrella insurance inherently bad, a scam or worthless. No. But, is it for everyone? Another absolutely not! But heaven forbid insurance companies let anyone else say otherwise.
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Maximizing the Home Office Deduction
The Home Office Deduction is still alive and well…don’t let any accountant tell you otherwise. There are several strategies on how to maximize the Home Office Deduction. It is NOT high risk and every good business owners should take advantage of a home office write-off.
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