by Chad Mangum | Dec 27, 2024 | Tax Basics
Empowering Employees and Enhancing Savings with Profit Sharing Plans Overview Profit Sharing Plans provide a versatile retirement solution for small business owners, offering a way to contribute to employees’ retirement savings based on the company’s... by Chad Mangum | Dec 25, 2024 | Tax Basics
Enhancing Financial Wellness: Navigating the Child Tax Credit for Entrepreneurs Introduction As an entrepreneur, you have access to a myriad of tax credits and deductions that can optimize your financial health. The Child Tax Credit (CTC) offers a significant... 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...
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