Writing Off Dining and Food Expenses in 2021 and 2022

Things have changed in 2018 when it comes to writing off meals and food expenses in your small business. Entrepreneurs, have to reevaluate their budget for the food and dining.
How to Protect My Residence from a Lawsuit

For most of us, our home is one of our most valuable assets. It truly is our “castle”, but it can also be one of our most vulnerable assets. Here are 8 strategies that should considered in a well designed Asset Protection Plan.
The Difference Between Sub-Contractors and Employees

There are facts and circumstances most commonly used to determine the difference between an employee and sub-contractor. It’s a 3 part subjective analysis and some facts may indicate that a ‘worker’ is an employee, while other factors indicate that the worker is actually a sub-contractor.
When to Use a Benefit Corporation

A Benefit Corporation will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.
How to Invest in Opportunity Zones to Save Taxes

This tax incentive allows investors to reduce taxable gains and possibly obtain tax-free growth if they re-invest capital gains into real estate within designated Opportunity Zones
How to Hire a Sub-Contractor or Freelancer

Hiring a sub-contractor or freelancer can be the perfect strategy for many small business owners to save money and build their business.
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.
Household Employees and the “Nanny Tax”

The IRS is stepping up its audits on those with workers in their private homes. Make sure you are up to speed on the rules that apply to you AND your help.
How to Write-off Your Clothing and Laundry Expenses and Not Lose Your Shirt

I often times get asked the question regarding the ability to write-off clothing and and laundry expenses.