Paying Partnership Expenses Out Of Pocket? Here’s What You Can — And Can’t — Deduct. To get my complete article with all the details… You're a partner in a medical practice, law firm, or accounting firm. Every year you reach into your own pocket for client meals, car expenses, continuing education, and home-office costs. But whether those out-of-pocket expenses … [Read more...]
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New 2025 Educator Expense Rules You Can’t Afford to Miss
“OBBBA Revamps and EnhancesEducator Expense Deductions” To get my complete article with all the details… The OBBBA just made important updates to how teachers and school staff can deduct classroom expenses. For 2025, educators can claim an “above-the-line” deduction of up to $300 for books, supplies, and certain classroom tools. But starting in 2026, the rules get … [Read more...]
Don’t Let Your Convention or Seminar Trip Become a Tax Trap
“How to Qualify Conventions and Seminarsfor Tax Deductions” To get my complete article with all the details… Think your business seminar is automatically tax-deductible? Think again. The IRS has specific rules—and missing a key detail could cost you big. In our latest July 2025 article, "How to Qualify Conventions and Seminars for Tax Deductions," we break … [Read more...]
Are You Accidentally Cheating Yourself on Partner Business Expenses?
“Don’t Cheat Yourself:Get Partner-Paid Expenses Right” To get my complete article with all the details… Quick question: Did you pay for any business expenses out of pocket last year as an LLC member or partner? If so, you might be leaving money on the table – or worse, setting yourself up for an IRS headache. Many partners don't realize there are two distinct ways to … [Read more...]
Your Business Tax Breaks Could Vanish Soon—What’s at Risk?
“Game On: TCJA Winners and Losers— Business on the Chopping Block” To get my complete article with all the details… Warning: The tax landscape is about to shift dramatically. The TCJA provisions expiring in 2025 could substantially increase your tax burden overnight. Are you prepared for: Congress hasn't indicated if these benefits will be extended. Without … [Read more...]