-
IRS Tax Debt Help Tool: Options to Resolve a Tax Balance
•
The IRS launched a free, anonymous Tax Debt Help tool that points taxpayers to payment plans, collection delays, and Offers in Compromise. Here is how small business owners can use it, and what to do next.
-
Quarterly Estimated Taxes: How to Know What Is “Enough”
•
Think paying your full tax bill by April 15 keeps you penalty-free? Not always. The IRS wants enough tax paid throughout the year at each deadline. Here’s how estimated tax safe harbors, payment timing, and a handy withholding trick can help you avoid surprises.
-
Should Your Business Pay You Rent? Smart Tax Strategies for Small Business Owners Who Own Property
•
Ever wondered if you can charge your business rent for using your home office? Or if it’s better to move your office into an LLC you own? Maybe you’ve asked your CPA questions like:
-
Key 2025 Tax Updates Every Small Business Owner Should Know
•
Discover the key 2025 small business tax updates, from deductions and reporting changes to expiring credits. Stay ahead with smart tax planning.
-
Don’t Leave Money on the Table: The Overlooked Value of Carryforward Losses and Excess Home Office Deductions
•
When it comes to maximizing tax savings, few areas are more commonly overlooked than carryforward losses and excess home office deduction carry-forwards. These hidden assets can dramatically reduce future tax bills—yet many taxpayers either forget about them or fail to track them properly. Understanding how these carry-forwards work and when they can be applied can…
-
Filing is a Deadline—Tax Planning is a Strategy
•
If you’re only filing taxes and not planning them, you’re likely leaving money on the table. A tax plan isn’t a set of forms—it’s a proactive roadmap to reducing your tax liability, keeping more of your hard-earned income, and aligning financial decisions with long-term goals.
-
When Is Your Dog a Tax Deduction? A Guide for Business Owners
•
I get asked this question all the time: “Can I deduct expenses for my dog if I use them in my business?” The answer lies in IRC §162, which governs ordinary and necessary business deductions.
-
Do You Need to Charge Sales Tax on Services? Understanding What’s Taxable in Texas
•
In Texas, sales tax applies broadly to the sale of tangible personal property and to specific taxable services listed in the Texas Tax Code. In general, materials and products including sales of digital products are taxable in Texas, while labor charges for services—such as consulting, fitness training, nutrition and counseling, real estate agent commissions, or…
-
Your Financial Support System: The Roles of a CPA, Bookkeeper, and Wealth Advisor
•
Think of your financial team the same way you think of your healthcare team — you wouldn’t ask a dermatologist to set a broken bone or expect your primary care doctor to perform heart surgery. Each specialist has a specific role. In the same way, a CPA, bookkeeper, and financial advisor each provide expertise in…
-
The Health Insurance Deduction for Self-Employed
•
This deduction allows you to reduce your federal taxable income by the cost of certain insurance premiums — even if the policy isn’t in the business’s name.
