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... by Chad Mangum | Nov 4, 2024 | Tax Basics
A Simplified Retirement Plan for Small Business Owners: Understanding the SIMPLE IRA Introduction Providing your employees with accessible and beneficial retirement savings options is crucial for small business owners. The SIMPLE IRA (Savings Incentive Match Plan for... by Chad Mangum | Nov 1, 2024 | Tax Basics
Maximizing Workforce Potential: Benefits of the Work Opportunity Tax Credit for Enterprises Introduction For businesses seeking both fiscal advantages and a chance to make a societal impact, the Work Opportunity Tax Credit (WOTC) is a powerful tool. This guide unpacks... by Chad Mangum | Oct 30, 2024 | Tax Basics
Maximizing Tax Benefits with IC-DISC for Exporters For small business owners engaged in exporting, the Interest Charge Domestic International Sales Corporation (IC-DISC) offers a tax incentive to encourage exports. This article explores how setting up an IC-DISC can...
Recent Comments