If you take tax advice from a webinar this week, don’t call me crying in Q4.Everyone’s racing to explain the Big Beautiful Tax Bill. LinkedIn carousels. AI-generated summaries. Webinars that feel more rushed than researched. Here’s my take:✅ Yes, the bill is big.✅ Yes, it’s beautiful — if you understand it. But it’s only been […]
“Taxes are your greatest wealth-building expense.” And that’s why I chose tax strategy as my life’s work. I thought about what to write you today. What to say about taxes—on the day before the 4th of July—while we’re on the brink of a potentially sweeping tax bill, and in the middle of an era marked […]
Why Key Man Insurance Matters If your business relies heavily on one or two people to generate revenue, hold key relationships, or drive strategy — this is a question you have to ask yourself: What happens to your company if a key person dies or becomes permanently disabled? It happens. It’s unexpected. And it can […]
The IRS Is Using AI to Audit You—Here’s How to Stay Safe IRS AI Audits Are Changing the Game for Business Owners I have a secret for you — an IRS secret.Well, they think it’s a secret.But I’m about to break the news anyway... Because it affects you, your money, and your audit risk — […]
Why a CPA Tax Strategy Partnership Is a Wealth Tool Words I like: “Let me talk to my CPA first.” If you want a serious tax strategy, you don’t need a spreadsheet. You need a partner. A CPA tax strategy partnership built around your financial goals. Someone who meets with you before decisions get made—not […]
Let’s talk about something nobody likes to admit: You can be a brilliant business owner and still make bookkeeping mistakes—especially the kind of bookkeeping mistakes business owners make without even knowing. That doesn’t make you reckless. It makes you human. Running one business is demanding. Running multiple? That’s chaos. Add a family into the mix—especially […]
K-1 Tax Strategy Issues: Why You Can't Ignore the Leaks K-1 tax strategy issues are one of the biggest hidden threats to your wealth—and most business owners don’t even know they’re there. Hmmm…. Last week, something caught my eye in a client’s returns. The K-1 wasn’t showing the numbers I expected. (If you want to […]
Smart Backdoor Roth Strategy for High-Income Business Owners Backdoor Roth for business owners is one of the most effective strategies to build tax-free retirement wealth, especially if you’re earning too much to contribute directly to a Roth IRA. If you’re a business owner making serious money, the IRS probably won’t let you contribute to a […]
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 […]