Depreciation in 2026? KeepThis Cheat Sheet Handy To get my complete article with all the details… Depreciation is one of those areas where I still double-check myself. Not because the rules are unclear—but because there are so many of them. Methods, bonus depreciation, Section 179 limits, conventions… it adds up quickly. That’s exactly why this caught my … [Read more...]
Spouse on payroll: the compliance trap hiding in plain sight
“Spouse on Payroll: the ComplianceTrap Hiding in Plain Sight” To get my complete article with all the details… You hire your spouse. You set up a Section 105-HRA. The plan reimburses $20,000 in family medical costs. Now someone asks: shouldn't you also put your spouse on payroll and issue a W-2? It feels like the safe move. But safe for whom—and at what cost? … [Read more...]
Converting a Business Car to Personal Use? Read this first
“Converting a Business Car ToPersonal Use? Read This First” To get my complete article with all the details… Converting a proprietorship’s business vehicle to personal use seems simple—but that move can be a non-event on day one, but set up a gain or loss later, or trigger recapture taxes on day one and set up a gain or loss later, and in both instances, set … [Read more...]
Don’t Let A Deadline Sneak Up On You This Year
“Don't Let a DeadlineSneak Up On You This Year” To get my complete article with all the details… Quarterly estimates. W-2s. 1099s. Partnership returns. FUTA deposits. Miss one and you're looking at penalties. We put the important federal tax deadlines for small businesses and self-employed professionals into one downloadable calendar. Print it. Pin it. Stop … [Read more...]
Your Preparer’s Fraud Could Become Your Problem
“When Tax Preparer Fraud Keepsthe IRS Audit Door Open Forever” To get my complete article with all the details… She filed her returns on time. Paid what she owed. Had no idea anything was wrong. Twenty-seven years later, the IRS came knocking—demanding $65,000 in tax, $13,000 in penalties, and over $250,000 in interest. The reason? Her tax preparer had committed … [Read more...]