Our Tax Blog

A collection of our articles on various aspects of taxes.  We cover Tax Representation subjects (collections, liens, levies, penalty abatement), individual tax situations, and business taxes.

MEAL EXPENSE

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...

read more

ROTH 401 (K) INDIVIDUAL

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...

read more

DONOR-ADVISED FUND STRATEGY

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...

read more

DEFINED BENEFIT PLAN

Optimizing Retirement Savings with the Simple 401(k) Plan for Small Business Owners Introduction: For small business owners, understanding retirement options is vital for long-term financial health. The Simple 401(k) plan offers an efficient way to save for...

read more

HEALTH SAVINGS ACCOUNT (HSA) INDIVIDUAL

Comprehensive Guide to Health Savings Accounts (HSAs) for Individual Entrepreneurs Introduction: Navigating healthcare costs and maximizing tax advantages are critical for entrepreneurs. Health Savings Accounts (HSAs) stand out as a potent tool for managing health...

read more

CAPTIVE INSURANCE

The Role of Captive Insurance in Business Risk Management Introduction: In the complex world of business, managing risks while optimizing financial outcomes is a priority. Captive insurance companies offer a unique solution, enabling businesses to tailor their...

read more

SOLO 401(K) (BUSINESS)

Maximizing Retirement with the Solo 401(k) for Entrepreneurs Overview The Solo 401(k) plan presents a robust retirement savings option specifically tailored for small business owners with no employees. This guide explores the unique features of the Solo 401(k),...

read more

DEFERRED COMPENSATION PLAN (INDIVIDUAL)

Maximizing Executive Compensation with Deferred Compensation Plans for Small Business Owners Deferred Compensation Plans offer small business owners a strategic tool for managing executive compensation and tax planning. This article outlines the structure, advantages,...

read more

Contact Us

We’d love to hear from you! If you have questions about our pricing or services, please feel free to contact us through the website, or send us an email.

Chad@YourTaxPrep.com

(801) 580-6163

Salt Lake City, UT

M-F: 8am-5pm, S-S: Closed

Email Us

Have a Question Or Need to Make An Appointment? Email Us!