by Chad Mangum | Sep 4, 2024 | Tax Basics
Unlocking Tax Savings with Cost Segregation Cost segregation is a critical tax-saving strategy for small business owners who own commercial or residential rental properties. This approach involves identifying property components and improvements that can be... by Chad Mangum | Sep 2, 2024 | Tax Basics
Capitalizing on Home Sale Tax Exclusions Selling your primary residence can offer significant financial benefits, including the ability to exclude gains from capital gains tax. This article explains the Sale of Home Gain Exclusion, its eligibility requirements, and... by Chad Mangum | Aug 30, 2024 | Tax Basics
Enhancing Tax Efficiency: Home Office Mileage Deductions for Small Business Owners For small business owners, the home office mileage deduction offers a pathway to reduce taxable income by claiming expenses related to business use of a vehicle from a home office. This... by Chad Mangum | Aug 28, 2024 | Tax Basics
Simplifying Retirement Planning with the SIMPLE IRA for Small Business Owners Introduction: Navigating retirement planning can seem daunting for small business owners, but the SIMPLE IRA provides a straightforward solution. This blog post will explain the SIMPLE IRA... by Chad Mangum | Aug 26, 2024 | Tax Basics
Enhancing Employee Benefits with Health Savings Accounts (HSAs) for Small Businesses Health Savings Accounts (HSAs) provide small business owners a tax-advantaged way to offer healthcare benefits to employees. This guide details the eligibility requirements, benefits,... by Chad Mangum | Aug 23, 2024 | Tax Basics
Enhancing Employee Benefits with Medical Reimbursement Plans For small business owners, creating competitive employee benefits while managing tax efficiency is paramount. Medical reimbursement plans offer a compelling way to provide health benefits and gain tax...
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