Running an S Corporation often means blending personal and business activities — especially when it comes to using your personal vehicle for work purposes. A […]
Q&A: S Corporation Reimburses Personal Vehicle — What You Need to Know
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Spousal IRAs: What You Need to Know
When it comes to retirement planning, Individual Retirement Accounts (IRAs) are often a key part of the conversation. But what if one spouse doesn’t work […]
How to Deduct Start-Up Expenses for a Rental Property: A Landlord’s Guide
Starting a rental property business involves various initial costs, from marketing to property improvements. Fortunately, many of these expenses can be deducted from your taxable […]
IRA Conversion: Why You Might Convert a Traditional IRA to a Roth IRA
Individual Retirement Accounts (IRAs) are powerful tools for building long-term wealth and preparing for retirement. Among the two primary types—Traditional IRA and Roth IRA—each offers […]
You Just Inherited an IRA: What Do You Do Now?
Inheriting an Individual Retirement Account (IRA) can be a financial windfall, but it also comes with decisions that may significantly impact your finances. Whether you’re […]
Five Rules for Turning Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel
If you’re a business owner, the idea of turning a vacation into a tax-deductible trip is undoubtedly appealing. However, making this happen requires careful planning […]
Maximize Your Retirement Savings: A Guide to the Backdoor Roth IRA
Saving for retirement is a top priority for many, but high-income earners often find themselves bumping up against contribution limits for tax-advantaged accounts like the […]
Did You Overfund a Section 529 Plan? Consider a Roth IRA Rollover
Planning for your child’s education is a priority for many parents, and Section 529 plans have long been a favored tool. These tax-advantaged savings plans […]
Bill Payment vs. Amended Tax Return Payment: Choosing the Correct Payment Type Online
When making an online tax payment, it’s crucial to select the correct payment type to avoid delays and ensure your payment is processed efficiently. One […]
Outsourcing vs. In-House Accounting: Making the Right Choice for Your Small Business
In the realm of small business management, accounting stands as a critical pillar of financial health and operational success. As a business owner, navigating the […]