by Chad Mangum | Dec 20, 2024 | Tax Basics
Unlock Educational Opportunities: Leveraging Coverdell Education Savings Accounts for Small Business Owners Introduction For small business owners, planning for your children’s education is a critical part of financial planning. A Coverdell Education Savings Account... by Chad Mangum | Dec 18, 2024 | Tax Basics
Managing Business Expenses During Disasters: Understanding IRS Section 139 Overview In times of disaster, IRS Section 139 provides a valuable tool for small business owners to support their employees tax-free. This article delves into the specifics of Section 139, how... by Chad Mangum | Dec 16, 2024 | Tax Basics
Navigating the De Minimis Safe Harbor Threshold for Small Businesses Overview The De Minimis Safe Harbor provision offers small businesses a simplified method to deduct low-cost items used for business, enhancing tax compliance and financial management. This article... by Chad Mangum | Dec 11, 2024 | Tax Basics
The Strategic Advantage of Self-Employed Health Insurance for Business Owners Introduction: For business owners, especially those who are self-employed, optimizing tax savings while ensuring comprehensive healthcare coverage is essential. The self-employed health... by Chad Mangum | Dec 9, 2024 | Tax Basics
Unlocking Retirement Potential with the Solo 401(k) for Small Business Owners Overview The Solo 401(k) plan is a powerful retirement saving tool specifically designed for small business owners and self-employed individuals without employees. This article discusses the... by Chad Mangum | Dec 6, 2024 | Tax Basics
Empowering Philanthropy: Establishing a Private Foundation for Small Business Owners Embracing philanthropy not only fulfills a desire to contribute positively to society but can also provide tax advantages for small business owners. This guide explores the strategic...
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