“Solo Biz Owner? No Employees?Is the Mega Backdoor Roth for You?” To get my complete articlewith all the details… If you're a solo business owner with no employees and you prefer the Roth retirement account, there's a powerful strategy you should know about: the Mega Backdoor Roth. You’ve probably heard of the backdoor Roth IRA—great for high earners, but it maxes … [Read more...]
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Unlock Triple Tax Advantages with Your Employee-Spouse
“Save Big on Taxes with aSimple Health Insurance Strategy” To get my complete articlewith all the details… Did you know that if your spouse is your only employee, you can save thousands in taxes by reimbursing them for health insurance? This strategy lets you: Deduct health insurance costs as a business expense Provide tax-free benefits to your spouse Avoid … [Read more...]
Maximize Tax Savings with These Year-End Medical Plan Strategies
"Maximize Tax Savings with TheseYear-End Medical Plan Strategies" To get my complete articlewith all the details… As the year comes to a close, it’s the perfect time to ensure your business is taking full advantage of every available tax-saving opportunity. Medical plans for small businesses with 1-49 employees are an often-overlooked goldmine for deductions, credits, … [Read more...]
Three Ways to Cut Social Security and Medicare Taxes!
“Three Ways to Cut Social Securityand Medicare Taxes!” To get my complete articlewith all the details… It’s a fact. Rising federal employment taxes, including Social Security and Medicare, are a growing burden for employees, employers, and self-employed individuals. What can you do to minimize the pain? Consider operating your business as an S … [Read more...]
Give Yourself Some Credit – Up to $32,220 Worth!
“Give Yourself Some Credit –Up to $32,220 Worth!” To get my complete articlewith all the details… Here’s great news you really should know ... If you were self-employed during 2021, you may be eligible to collect up to $32,2200 in tax credits! [NOTE: Partners in a partnership business are self-employed] If you were unable to work for various COVID-related … [Read more...]