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Bad news…good news!

As you likely know, you may no longer deduct directly related or associated business entertainment effective January 1, 2018. Common forms of directly related and associated entertainment that are no longer deductible include business meals with clients or prospects, golf, football games, and similar business-building activities. That’s the bad news. The good news is that […]

The $40,000 Tax Strategy you’ve probably never heard of!

If you are starting, buying, or refinancing a business using retirement funds, you need to know that there is a way to do it and save your self a lot of money. EXAMPLE TAX STRATEGY: ROBS Plan Rollovers as Business Start-Ups (ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA […]

Did you know hiring your children can be a Tax Strategy?

Do you own a business? This one strategy saved my client over $3000 in Taxes and funded their children’s college fund. Tax Strategy: Hiring Children (and Grandparents) Sole-proprietors and spousal partnerships can pay children up to $12,000 without incurring any tax neither income nor payroll for legitimate services rendered to the business. S and C […]

This Tax Strategy gave my client almost $53,000 in Tax Deductions!

If you are a Real Estate Investor, Cost Segregation can be a great strategy for reducing taxes. In this case, almost $53000 in Tax Deductions! Cost Segregation accelerates the depreciation of certain components of the property. Things like appliances or HVAC that need to be replaced sooner than standard depreciation, which is 27 years for […]

Attention: Real Estate Agents, Brokers, and Investors

Like most successful realtors, brokers and investors, I am sure that you have a team of professionals that you prefer to work with. Loan officers, Escrow Officers, Insurance Agents, Home Inspectors, and Trades that you trust, get the job done and take care of your customers. That’s why you need a CPA that can do […]

Here is why I LOVE my job!

I just saved my client $8,800 using this one Tax Strategy alone! The Tax Cut and Jobs Act had massive changes for businesses. Unfortunately, many are not aware of the tax savings it can provide. Here is a example. Example Tax Strategy: Section 199A Section 199A of the Internal Revenue Code provides many taxpayers a […]

My client saved $6000 just by doing this

The type of legal entity your business is can have a dramatic effect on your money. Different legal entity structures have different rules regarding deductions and self-employment taxes. Tax Strategy implemented: Schedule C to S-Corp As a sole-proprietor operating with an LLC we elected to be treated as an S-corporation for tax purposes. By moving […]

Tax Preparation VS Tax Planning

You may be one of the many business owners that use a tax preparer or CPA –and you are probably thinking they’ve got you covered, right?   Unfortunately, probably not! Tax preparation is NOT Tax Planning.   Tax preparation is after the fact and there is only so much you can do. Tax Planning analyzes […]

You are throwing away THOUSANDS if you are not Tax Planning!!!

EXAMPLE TAX STRATEGY: ROBS Plan Rollovers as Business Start-Ups (ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance an existing business. It allows you to use these proceeds to start a business […]

When your next Tax bill comes due…

How would you like to drive a new car virtually for FREE, Fund $5,000 in YOUR retirement account, while paying $3,000 LESS in taxes? My client sure did! 🙂 I have been a CPA for 30 years. With tens of thousands of pages of statutes, tax law, and case law, most business owners simply do […]