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.

AMERICAN OPPORTUNITY CREDIT STRATEGY

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...

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ACCOUNTABLE PLAN

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...

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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...

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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...

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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...

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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...

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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...

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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...

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