“Five Things to KnowAbout Employing Your Spouse” To get my complete, FREE articlewith all the details… If you run your business as a proprietorship, partnership, or LLC taxed as a proprietorship or partnership, I’ve got good news for you. If you handle things the right way, hiring your spouse to work as an employee can be a great tax-savings … [Read more...]
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Travel to a Fancy Resort Hotel Where You Can Use Your Laptop For Continuing Education (CE)
“Travel to a Fancy Resort Hotel Where You Can Use Your Laptopfor Continuing Education (CE)” To get my complete, FREE articlewith all the details… Do you need continuing education credits? Well, in my new article I'll explain how to get them... and get them in luxury! Plus, you’ll learn how the IRS allows you to enjoy business deductions for your travel and meals … [Read more...]
If I Hire My Kids, Can I Give Them Tax-Free Education Benefits?
“If I Hire My Kids, Can I Give Them Tax-Free Education Benefits? To get my complete, FREE articlewith all the details… As you know, owning your own business has terrific advantages. One that’s particularly valuable is the ability to get some very big tax deductions when you have your business pay for your children’s education. (At least in some … [Read more...]
Three answers to ‘Paying for College’ questions
To get my complete, FREE articlewith all the details… In a recent article, I explained how, by paying your college student to do a job for your business, you could save a lot of money. For example, let’s say you paid your youngster $23,255 for a one-time job; one that wasn’t subject to self-employment taxes. Using this strategy, you could deduct the $23,255 and … [Read more...]
How 529 College Savings Account Withdrawals Are Taxed
To get my complete, FREE articlewith all the details… Definition: 529 Plan. 529 plans are tax-advantaged accounts thatare used to help pay for qualified educationalexpenses. What you may already know: The big advantage of a 529 plan is that “qualified” withdrawals from the account are usually federal and state income-tax free. The plan is a great way to … [Read more...]