by Chad Mangum | Oct 18, 2024 | Tax Basics
Enhancing Educational Support: Utilizing the American Opportunity Credit Small business owners with college-age dependents have a unique opportunity to reduce their income tax while supporting educational costs through the American Opportunity Credit. This article... by Chad Mangum | Oct 16, 2024 | Tax Basics
Streamlining Employee Reimbursements with the Accountable Plan For small business owners, implementing an accountable plan is a tax-efficient strategy to reimburse employees for business expenses. This guide covers the benefits, key rules, and steps for establishing... by Chad Mangum | Oct 11, 2024 | Tax Basics
Navigating Meal Expense Deductions for Small Business Owners Meal expenses can offer valuable tax deductions for small business owners, provided they meet certain IRS criteria. This article explains the conditions under which meal expenses are deductible and how to... by Chad Mangum | Oct 9, 2024 | Tax Basics
Secure Your Retirement with a Roth 401(k): A Tax-Smart Choice for Small Business Owners Introduction Planning for a comfortable retirement is crucial for small business owners. A Roth 401(k) offers a tax-efficient way to achieve your retirement goals. This article... by Chad Mangum | Oct 7, 2024 | Tax Basics
Enhancing Charitable Giving with Donor-Advised Funds Donor-Advised Funds (DAFs) offer a flexible and tax-efficient way for small business owners to manage their charitable giving. This article explains the benefits of using DAFs, how they work, and why they might be a...
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