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Most of my colleagues and I have been glued to everything the US. Department of Treasury has had to say related to the Paycheck Protection Program (PPP) of the CARES Act. It is all we have [...]

Choose the right business entity.  There are many considerations, but even if you are the sole owner, operating as a sole proprietor is not the best choice for asset protection. As a sole [...]

What is the Section 179 Deduction Most people think the Section 179 deduction is some mysterious or complicated tax code. It really isn’t, as you will see below. Essentially, Section 179 of the [...]

Once you take the leap into entrepreneurship, you are no longer in a safe backyard pond, but rather in a vast ocean full of the unknown. When it comes to owning your own business, there are some [...]

Short answer: The deduction is still there but you may not make sense to use it anymore. The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three [...]

The Section 199A tax deduction is the best small business and individual investor tax break of the 21st century, coming out of the 2018 Tax Act. Using Section 199A, business owners and real [...]

I’m a Prime member. I got the email. Thanks Jeff…I still love ya. When Prime first came out, I was skeptical. I didn’t think I would use it enough in a two-person household. But [...]

So, I am constantly getting asked about what business owners can deduct. And, aside from the obvious, there are always expenses that folks forget. Here are my top 5: MILEAGE. Mileage to and from [...]

So,you may have heard the buzz on the Meals & Entertainment changes.  The biggest ding goes to entertainment and staff meals. Forget the nice catered lunches, you will probably be getting [...]

I run across this issue over and over. I see employers have subcontractors that really should be classified as W-2 employees. This has become a big hot topic for the IRS. You can get penalized [...]