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...
by Catrina M. Craft | Feb 17, 2025
As we approach the final window to claim the Employee Retention Credit (ERC) for 2021, businesses that have yet to capitalize on this opportunity should take urgent action. Designed to aid businesses that retained employees during the COVID-19 pandemic, the ERC could...
by Catrina M. Craft | Feb 10, 2025
As a successful business owner, determining the most effective way to pay yourself involves navigating a maze of tax rules and entity structures. Whether you’re optimizing for tax benefits or planning for future growth, how you compensate yourself can impact...
by Catrina M. Craft | Feb 2, 2025
A 529 plan is one of the most powerful tools for building a tax-advantaged future for your child’s education. From federal and often state tax-free growth to flexible usage options for K-12, college, and even student loans, these plans make saving for education a...
by Catrina M. Craft | Jan 27, 2025
As a successful coach, creator, or consultant, managing your finances efficiently is crucial, especially when dealing with payments received through apps like PayPal, Stripe, Cash App, Zelle, or credit cards. With the IRS updating rules, it’s important to...
