Maximizing Tax Savings with the Augusta Rule
Imagine earning thousands of dollars in rental income completely tax-free—no reporting, no IRS hassle, just pure profit. Sounds too good to be true? It’s not. The Augusta Rule (the Augusta tax rule) is a powerful tax-saving strategy that allows homeowners to rent out their home for up to 14 days per year—without paying a single […]
How Are Trusts Taxed? A Complete Guide
Trusts are essential tools in estate planning and wealth management, offering numerous benefits. However, understanding their taxation is crucial to maximizing these advantages. This guide delves into the taxation of trusts, covering various types, tax implications for beneficiaries, and strategies to minimize taxes. What Taxes Do Trusts Pay? Trusts are generally subject to two primary […]
5 Tax Benefits of a Health Savings Account (HSA)
A Health Savings Account (HSA) is more than just a way to save for medical expenses—it’s one of the most tax-advantaged accounts available in 2025. Whether you’re looking to reduce your taxable income or save for retirement, an HSA offers several benefits that can maximize your financial health. In this guide, we’ll cover FIVE key […]
S Corp vs C Corp: A Tax Breakdown for Business Owners
Choosing the right business structure is a critical decision for entrepreneurs and business owners. Among the most common options are S Corporations (S Corps) and C Corporations (C Corps). Each structure comes with its unique set of tax advantages and disadvantages, which can significantly impact your bottom line. In this guide, we’ll break down the […]
What Trump’s New 2025 Tax Policies Mean for Small Business Owners
“You may have not voted for Donald Trump, and that’s okay. But, he’s the quarterback on the field right now. He’s promised to deliver some new things for us. I want to tell you what’s going to happen now.”
IRS Announces 2025 Contribution Limits for 401(k) and IRA: How to Maximize Your Retirement Savings
With new IRS updates to 401(k) and IRA contributions, 2025 is shaping up to be a promising year for retirement planning. Dive into what these changes mean and how you can make the most of them.
Silent Partner – 3 SEC Compliant Ways to Bring One on
There comes a time in the lifespan of just about every business when the potential for substantial growth comes to fruition, and additional capital is necessary to make that growth happen. It’s at these moments you’ll probably start looking for people to invest in your business.
LLLP vs LLP: When Should I Use a Limited Liability Partnership?
When to Use an LLP In short, I recommend never to use an LLLP. In all my years of experience as a professional tax attorney, I have never found reason to use an LLLP over other tax entities. LLLPs have been adopted in over 20 states as a unique asset protection tool. However, they come […]
Where to Set-up my Corporation or LLC
Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few.
