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...
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...
