by Chad Mangum | Nov 18, 2024 | Tax Basics
Navigating Tax Compliance: IRS Guidelines for Partnerships Overview Partnerships, as a flexible and common business structure, must adhere to specific IRS guidelines for tax reporting and compliance. This article outlines the critical tax obligations for partnerships... by Chad Mangum | Nov 15, 2024 | Tax Basics
Enhancing Small Business Through Employee Achievement Awards Introduction: For small business owners, recognizing the contributions of employees is not only vital for boosting morale but also presents a strategic advantage through tax benefits. This comprehensive... by Chad Mangum | Nov 13, 2024 | Tax Basics
Maximizing Business Deductions with the Augusta Rule Overview The Augusta Rule offers small business owners a unique opportunity to reduce taxable income by renting out their personal residence for business use. This article outlines how to implement the Augusta Rule... by Chad Mangum | Nov 8, 2024 | Tax Basics
Maximizing Tax Efficiency: Navigating Itemized Deductions for Home Office Expenses Overview For small business owners who use a portion of their home for business purposes, understanding how to maximize itemized deductions for home office expenses is crucial. This... by Chad Mangum | Nov 6, 2024 | Tax Basics
Streamlining Retirement Savings with Simplified Employee Pension Plans For small business owners, planning for retirement is crucial. A Simplified Employee Pension (SEP) IRA offers a straightforward way to contribute to retirement savings, benefiting both the employer...
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