To get my complete, FREE articlewith all the details… Did you start a new business after February 15, 2020? If yes, then you may be eligible for a hefty “employee retention credit” (ERC). And what an ERC! The credit is worth up to $100,000 for the third and fourth calendar quarters of 2021! A case study: How Henry and Heide came out winners.And how you can come … [Read more...]
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Starting a New Business? Get Up to $100,000 in Tax-Free Money!
“Starting a New Business?Get Up to $100,000 in Tax-Free Money! To get our complete, FREE articlewith all the details… Who says there’s no such thing as a free lunch? Thanks to the recently enacted American Rescue Plan Act of 2021, if you qualify, you can get up to a (tax-free!) $100,000 of Employee Retention Credit (ERC). IMPORTANT: The ERC was designed to help … [Read more...]
Are Classes in How to Fix and Flip Houses Deductible?
Are you planning to start a new business? Then remember this… Before you open your doors or hang up your shingle, be sure you understand the difference between… Educational expenses you incur before you start your businessEducational expenses you incur after you start your business Why is this so important? Because when you deduct these expenses makes a big … [Read more...]
Tax reform sticks it to business startups that lose money
There’s a provision in the Tax Cuts and Jobs Act that we believe is terribly unfair to business start-ups and struggling business owners. You see, the rule prevents you from using all your business losses against non-business income if the losses are considered to be too large. (That determination is made by Congress.) If you want to find out how this onerous new law can … [Read more...]
Get a deduction for just thinking!
Thinking about starting a new business? Well, if you know how to play the game, you can begin earning tax benefits as soon as you start thinking about creating your new business! You see, Uncle Sam wants to encourage people to create new businesses so he offers some hefty tax breaks for budding entrepreneurs. He’ll even let you deduct preliminary thinking time! Want to … [Read more...]