How to Maintain My S-Corporation

The S-Corporation can be a powerful structure and tool to save on self-employment taxes and can also protect a business owner’s personal assets from lawsuits that may arise from their operations.

How to Use a Board of Directors

Having a Board of Directors or Advisors will be a ‘support team’ in many ways; giving encouragement, advice, and guidance regarding your vision and goals.

How a Small Business Saves Taxes and Builds True Wealth

I’m not proposing setting up any sort of business to simply lose money for tax write-offs, but to build a business that allows you to make more money, and save taxes by writing things off you wouldn’t otherwise be able to.

The Power of the Health Savings Account (“HSA”)

The Health Savings Account is one of the most powerful pieces of a well designed health care strategy. It includes saving money, saving taxes, building a tax-free ‘bucket’ for health care and most importantly taking control of your own health care strategy.

Should I put My Spouse on Payroll?

spouse-on-payroll-woman

Now although there are reasons not to put your spouse on payroll, I would argue there are two (2) GOOD REASONS to put a spouse on payroll before year-end. Both of these strategies create great excellent tax deductions and good use of money

Is the Single Member LLC a Solution for Me?

single member LLC solution

Single-Member LLC’s have their place in the spectrum of business entity choices, and whether such an entity is right for you will depend on the details of your own personal situation.

How Many Properties Should I Put in My LLC?

how many properties should I put in my LLC

I truly believe that an LLC for every rental property isn’t needed for the far majority of real estate investors.  It’s expensive, cumbersome and provides nominal benefit when there’s not a lot of equity in their rentals….yet!!

How Much should I send in with My Extension?

But what if you STILL owe taxes for whatever reason and the May 17th deadline is really concerning you?  Here’s what you need to do in order to minimize any penalties and interest.

The Power of the Charitable Remainder Trust

Charitable Remainder Trust

The CRT is a very powerful estate planning tool that may enable you to reduce your liability for income and estate taxes, protect your assets AND diversify your assets in a tax-advantaged manner.

1099 Rules for Business Owners in 2022

Businesses will now file Form 1099-NEC for each person in the course of the payor’s business to whom they paid at least $600 during the year. This payment would have been for services performed by a person or company who IS NOT the payor’s employee.