You might’ve heard: Congress just raised the SALT deduction cap from $10,000 to $40,000. Sounds like a massive win for business owners, right? ➡️ It is—but only if you fall into the right category. What Is the SALT Deduction Cap? The SALT deduction cap limits how much state and local taxes you can deduct on […]
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 […]
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 — […]
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 […]
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 […]
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 […]
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 […]
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:
Claimed the employee retention credit (ERC) in the 4th quarter of 2021? Read about a retroactive change impacting the credit for the 4th quarter of 2021.