The Business Pre-launch Expenses That Are Deductible — And The Ones That Aren’t. To get my complete article with all the details… Before your business opens its doors, you're already spending money — on market research, legal fees, advertising, employee training, and more. The IRS treats most of these as capital expenses that sit on the books with no immediate tax … [Read more...]
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Paid your child for a one-time job? Three rules your preparer needs to get right
Paid Your Child For a One-time Job?Three Rules Your Preparer Needs To Get Right To get my complete article with all the details… You paid your college student for a one-time project. You took the deduction. The family came out ahead. But now the details matter. Which Form 1099 do you use—and which box? Does the kiddie tax apply? Can your child contribute the income … [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...]
This Childcare Credit Just Got 4x Bigger
“This Childcare CreditJust Got 4x Bigger” To get my complete article with all the details… The employer childcare credit has been around for years. Most small businesses ignored it. That's about to change. Starting in 2026, the maximum credit jumped from $150,000 to $600,000. New rules let small businesses pool resources, contract with off-site providers, and … [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...]