by Catrina M. Craft | Mar 27, 2025
Many business owners worry that claiming tax deductions or implementing tax strategies could increase their risk of an IRS audit. The truth? The IRS isn’t looking for business owners who follow legitimate tax planning methods—they’re after those who make aggressive or...
by Catrina M. Craft | Mar 24, 2025
Ever wonder how some business owners seem to keep more of their money while driving nicer cars? I’m about to share their secret weapon – and it could put thousands back in your pocket this year. Many entrepreneurs believe vehicle tax deductions are tiny or...
by Catrina M. Craft | Mar 17, 2025
Starting a new business? Before claiming tax deductions, understand this crucial timing rule that could save you thousands. Most entrepreneurs don’t realize that when your business officially begins matters as much as tracking expenses. The IRS has specific...
by Catrina M. Craft | Mar 10, 2025
One common hiccup that can disrupt your cash flow is missing an estimated tax payment. If you’ve found yourself in this situation, it’s essential to know how to mitigate the consequences and stay on track with the IRS. As a business owner with a thriving...
by Catrina M. Craft | Feb 24, 2025
If you’re a business owner in search of effective ways to reduce your taxable income, the 105-Health Reimbursement Arrangement (105-HRA) could be your golden ticket. This strategy is exceptionally beneficial for businesses that can employ a spouse as their sole...
