If you want to improve your business skills, Uncle Sam has some good news for you… As you’ll learn in my new article, you can deduct 100% of the cost of: Certain advanced degrees like an MBA Language courses Classes to help you build computer skills Industry seminars And just about any other form of education that helps you build or maintain your business … [Read more...]
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How to make your child a millionaire!
Here’s some good news from Uncle Sam… As you’ll learn in my new article, if you give your child a part-time job, he or she can become eligible for a tax-saving IRA. Over time this account can generate thousands or even millions of dollars for them… money they can use for college, retirement, or a first home. More good news… You can hire even very young children in your … [Read more...]
How independent contractors mistakenly paid as employees cut their tax bills
Are you paid commissions and taxed as an employee? If so, you could be a business owner under the common law classification system. “So what?” you might say. Well, we’ll tell you what, and it’s a lot! You are likely losing tens of thousands of dollars in business expense deductions each year. You may even think you are getting those deductions, without realizing that they … [Read more...]
How to write off 100% of employee entertainment!
Did you know that Uncle Sam is a party animal and wants you and your employees to be party animals too? That’s right. As you’ll learn when you read my new article, contrary to popular belief, you can deduct 100% of some employee entertainment expenses — if you follow a few simple rules. Sure. I know that business-entertainment deductions are generally capped at 50%. But you … [Read more...]
How to offer dental and vision benefits under Obamacare
Offering a Section 105 health plan to your employees used to make a lot of sense. But as you’ll learn in my new article, in the Obamacare era you have to be careful about what medical coverage you offer and to whom you offer it! Make a mistake and you could face $100-per-day penalties! But here’s some good news… You can still offer various types of coverages without … [Read more...]