“Tax Relief for Wildfires and Storms?You must be kidding” To get my complete, FREE articlewith all the details… Sure, the IRS provides some tax relief for taxpayers who suffer from natural disasters such as severe storms, wildfires, hurricanes, floods, and tornados. But when you dig a little deeper, you discover that the promised “tax relief” Uncle Sam offers is … [Read more...]
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Court Denies Clothing Donations To Goodwill and the Salvation Army
“Court Denies Clothing Donations ToGoodwill and the Salvation Army” To get my complete, FREE articlewith all the details… You’d think the IRS would make it easy for taxpayers to make donations to charities. Sadly, they don’t. The fact is, clothing donations and other items can trigger the “approval requirement” which can trip you up big time. My new article … [Read more...]
Dutch-Treat Business Meals Are Back Again–But Beware
“Dutch-Treat Business MealsAre Back Again–But Beware!” To get my complete, FREE articlewith all the details… Let’s say you go out for a Dutch-treat lunch with a colleague. All is going well when you remember that deductions for your meal may be disallowed. This could happen thanks to the Sutter and Fenstermaker court cases. What is the Sutter all … [Read more...]
ICHRA: Game Changer for Small-Business Health Benefits
ICHRA: Game Changer forSmall-Business Health Benefits To get my complete, FREE articlewith all the details… ICHRA in a nutshell. Although the Individual Coverage HRA (ICHRA) works for businesses of all sizes, it’s particularly helpful for small businesses. I’m talking about business owners with fewer than 50 employees, who want to provide health care benefits to … [Read more...]
Are Corporate Advances to You, the Owner, Loans, Dividends, or Salary?
“Are Corporate Advances to You,the Owner, Loans, Dividends,or Salary?” To get my complete, FREE articlewith all the details… Do you operate your business as a C or S corporation? Do you loan money to your corporation, or does your corporation loan money to you. If you’re answering “yes,” to these questions you need iron-clad documentation that proves the loan is … [Read more...]