Blog

Navigating Tax Deductions: The Yacht and Airplane Debacle

Have you ever heard of a legal showdown that involved a yacht, an airplane, and some serious tax deductions? Well, get ready for a tale that’s as intriguing as it is cautionary. Picture this: A couple who owned both a […]

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Unlocking Home Office Deductions: Why Every Business Owner Needs a Top-Notch Bookkeeper!

Hey there, savvy business owners and self-employed dynamos!  If you’re running the show and have a home office, listen up – there’s a tax-saving opportunity you might be missing out on.

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Prove It or Lose It

Ever wondered how deductions are determined by the IRS? Let’s uncover the truth! 💡 In tax court cases, one thing we often see is the disallowance of deductions when taxpayers fail to provide sufficient evidence. It may sound obvious – […]

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Are you a Comingler?

So, the number one rule of thumb for ANY business owner no matter the entity structure is to keep your business and personal finances separate.  Alarmingly, many small business owners are not aware of this and unknowingly put themselves in […]

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W9 So Easily Explained, Even Your Kids Get It (wink, wink)

Let’s talk W9s!  What the heck is a W9 and why do you need them?  At the very basic level, a W9 is a pretty simple (well, relatively speaking considering it is an IRS form) IRS form used to provide […]

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Accountable Plan: Do you Really Need It? This Will Help You Decide!

Let’s chat.  How about something fun and interesting and so amazing that you……ok….I don’t know how to make an Accountable Plan sound fun.  But, if I can interest you in some tax saving tips and easy setup instruction, stick around.  […]

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