Strategic setup of personal finances and accountable reimbursement plans led to substantial tax savings.

Accurate financial records uncovered significant tax savings for a busy medical consultant.

Careful financial clean-up revealed hidden business expenses and tax savings for this busy family of physicians.

Many small business owners pay their life insurance through their business, but it's not deductible.

When you take too much money out of your S-Corp, you could create a tax liability—unless you plan ahead.

On March 1, 2024 a federal court ruled the Beneficial Ownership disclosures unconstitutional. Watch out for businesses offering to file this for you.

Every dollar counts when you're a successful practice owner, and an accountable plan to reimburse yourself will save you thousands.

When you make the election to treat your LLC as a S-Corp, you no longer take the home office deduction on your personal tax return.

As of March 11, 2024, the Department of Labor may be cracking down on today's gig economy and remote workers being treated as 1099 independent contractors.

When you pay by credit card, it's not necessary to issue 1099s to your vendors.

Chaos can be costly. As you expand your investment portfolios, clean accounting becomes essential.

Divorce is like a 50% tax—it's important to properly value your assets, especially during a divorce.

Don't worry, the IRS won't come pounding on your door - however there are consequences of not reporting.

The US taxes foreign workers' income, but there are exceptions

When you start to expand, the number of entities you own might expand too—not keeping good records of the ownership structure can create a costly nightmare.

When you borrow money in your S-Corporation and then take it out as a distribution, you could end up with an unexpected tax bill.

These business owners were happy to see that the fees for their newly defined benefit plan will be paid by the IRS—yet another surprise savings!

Designing a plan for your employees and independent contractors may tricky—but it's not impossible.

Business owners often ask if it is better to buy a vehicle or lease it. Learn the pros and cons.

To increase the security of the US financial system, new ownership reporting requirements take place starting 2024.

Paying your state taxes through your entity finally returns a full deduction of state taxes.

Predicting what you'll owe in taxes before year-end gives you time to do something about it.

By having annual auto-charge subscriptions, its easy to get charged without knowing it.

Understanding the home-office deduction rules will help avoid IRS headaches in the future.

The IRS limits the amount that can be written off in one year, but there are exceptions.

Confusion over a retirement account deduction resulted in a small error, but every dollar paid to the IRS is a dollar that can't go toward business expansion.

If you own a C-Corporation, you may be subject to double taxation. Learn how to manage it.

The IRS allows a deduction for meals, but not always. Learn how to maximize your deducitons.

Understanding the differences between a defined benefit plan and a contribution plan will help you determine what's best for your business retirement plan.

There are various ways to get a tax deduction for your health insurance.

PTE (Pass-Through-Entity) tax credit allows business owners and investors to deduct all of their state taxes.

It may not be much - but where there is a little mistake, there are usually more.

Having clean accounting is what reveals mistakes and missing money.

When something doesn't seem right, it probably isn't. Typos on tax returns are more common than you'd think.

By getting organized, we helped this clinic avoid late fees on their state filing requirements.

Tax notices can be overwhelming—but ignoring them is even worse.

By planning in advance you can use different tax brackets to your advantage.

Running your personal finances like a well-run business is for everyone.

The better you are at predicting your finances, the less stressed you’ll be.

Your CPA isn’t trained to help you with your personal finances—but it’s not their fault.

There’s nothing worse than being hit with an unexpected tax bill, and there’s just no reason for it.

Where to look in your business or personal finances to find hidden money right in front of your eyes!