Charitable giving has always been good for business, but under the new OBBBA charitable giving tax strategy, it’s now a powerful way to cut your tax bill. The law requires businesses to give at least 1% of taxable income before deductions start to count—but once you cross that threshold, every extra dollar you give unlocks […]
Immediate R&D expensing for small businesses is finally here. Let’s make sure you get what’s yours. 💥 If your business has ever spent money developing software, testing products, or doing anything remotely close to research and development here in the U.S., this is for you. What Changed: Immediate R&D Expensing for Small Businesses The IRS […]
This Crypto Tax Strategies for Business Owners Guide is built for business owners who want to understand Bitcoin and cryptocurrency from a tax-savvy perspective. Below is the full summary content from our PDF guide, shared here for easy reading. You can also download the PDF version at the end of this post. This guide gives […]
1031 Exchange Case Study: Here’s how a high-income business owner used a 1031 exchange to turn one underperforming property into four diversified, passive income streams—while deferring over $1.1M in taxable gains and saving roughly $358K in immediate taxes. Investor Profile Before the Exchange The problem: Too much equity concentrated in one asset and one location, […]
Roth conversion tax traps under OBBBA can sneak up on even the smartest business owners. Lisa is 59, runs a successful dental practice, earns around $220K a year, and just did what her financial advisor called a “smart Roth conversion.” She moved $100,000 from her traditional IRA into a Roth. She was excited—this meant tax-free […]
Our Bitcoin Demystified event closed with a live Bitcoin Q&A for business owners. Attendees asked about mining costs, HSAs, estate planning, trusts, security, IRS compliance, and more. Below are highlights from James, Eric, Corey, and Laura’s answers—focused on what entrepreneurs need to know. How much does it cost to start mining Bitcoin? Eric Rice: A […]
Bitcoin tax efficiency for business owners is about turning IRS rules into opportunities. At our Bitcoin Demystified event, I connected all the pieces—mining, investing, holding, and donating—into a tax strategy framework. Here are the core moves business owners can use to protect profits, reduce taxes, and build long-term wealth with Bitcoin. Holding Bitcoin Long Term […]
Bitcoin IRA strategies allow entrepreneurs to use their retirement accounts to hold Bitcoin in a tax-advantaged way. At our Bitcoin Demystified event, Corey Daharsh of Advanta IRA explained how self-directed accounts (SDIRAs and Solo 401(k)s) work, why so few people know about them, and the practical steps business owners can take to compliantly invest in […]
Bitcoin mining tax deductions are an overlooked opportunity for entrepreneurs. At our Bitcoin Demystified event, Eric Rice, Co-Founder and VP of Sovrn Capital and host of The Rice Report, broke down Bitcoin mining in plain English—what it is, how it works, and why it matters. In this post, we recap his key insights and then […]