Tax Strategy Blog for Business Owners

PCORI Fee Compliance for HRA Plans: What Small Employers Must Know PCORI fee HRA compliance is essential for small employers offering health reimbursement arrangements. Just a quick heads-up! If you’ve set up a Health Reimbursement Arrangement (HRA)—like a 105-HRA, a QSEHRA, or an ICHRA—to help your employees with medical costs, that’s awesome. You’re not just […]

Small Business Health Insurance Strategy and Tax Benefits Health benefits tax deduction is a powerful strategy for small business owners looking to reduce their tax burden and offer real value to their teams. When you offer health care benefits to your team, you’re not just being generous—you’re being strategic. The choice to offer benefits can […]

What to Do About Incorrect 1099-NEC Reporting and How to Avoid Overpaying Taxes When the IRS sends you letters, pay attention! Especially if you receive something called a “1099-NEC” form. It might mean you're being taxed on money you never actually received in that year. ❌ And you will NOT overpay the IRS - not […]

You’ve probably heard that if you drive your personal vehicle for business, you can deduct mileage. But here’s what most business owners don’t realize: There’s a hidden vehicle depreciation tax deduction built into every mile you drive. See, when you take the IRS standard mileage rate—or your S or C corp reimburses you for it—that […]

If you're making good money, you already know the IRS won't let you contribute directly to a Roth IRA once you hit certain income limits. But there is a way around it—and it’s called the Mega Backdoor Roth IRA. (There’s the backdoor Roth… and then there’s the backdoor, down the stairs, secret knock Roth.) The […]

Introduction to Backdoor Roth IRA for business owners If you’re a business owner or high-income earner, you’ve probably hit the wall with Roth IRA income limits. And that stings, because Roth IRAs are one of the most powerful tools for tax-free retirement growth. Good news: there’s a perfectly legal workaround called the Backdoor Roth IRA. […]

You may have seen headlines recently about something called the “One Big Beautiful Tax Bill.” (We had two emails on it last week.) This bill has been labeled as either a much-needed economic catalyst and a fiscal time bomb. But here’s the truth: the bill itself isn’t the real issue. The U.S. has been on […]

Here are ten questions that small business owners can ask themselves to help determine the type of accounting they need:

The type of accountant you need for your business depends on your specific needs and goals. Here are some factors to consider when deciding which type of accounting is right for your business: