Turn Everyday Costs Into Tax Deductions (Maximize Deductions)
Most business owners are spending money the wrong way. Every dollar you spend is either pre-tax or after-tax. Pre-tax dollars give you the full $100 of value. But with after-tax dollars… you’re only keeping about $65 once the IRS takes its share That difference adds up fast. The key is knowing how to shift […]
Case Study: How We Cut $20K+ Off His Tax Bill (Step by Step)
Are you overpaying the IRS by $50,000? For this S-Corp owner, the answer was YES. Here’s what we did to slash his huge tax bill. I did a live case study on Eric, a small business owner running a successful appraisal company and a martial arts school. Eric took home solid profits but also […]
Car Write-Offs Explained: How to Maximize Your 2025 Auto Deduction
In 2025, the IRS raised the standard mileage rate to 70 cents per mile. That increase plus the way you track, deduct, and choose between mileage or actual expenses, can mean the difference between saving a little and saving a fortune. This guide breaks down the updated rules, the two main deduction methods, common mistakes, […]
How the Home Office Deduction Can Save You $1,500 a Year
What if the desk you’re sitting at right now could save you up to $1,500 a year in taxes? Most business owners skip this deduction because they think they don’t qualify, or they’re worried the IRS will come knocking. The truth is, the home office deduction is legitimate, simple to calculate, and available to most […]
How Founders Sell Their Companies With $0 in Taxes | QSBS Explained
Imagine selling your startup for $15 million and paying nothing in federal taxes? This is what QSBS makes possible. For startup founders and early investors, the Qualified Small Business Stock (QSBS) can make the difference between paying millions or paying nothing at all. Let’s break down how QSBS works, the new changes in the law, and the mistakes […]
Independent Contractor or Employee? Hiring Mistakes That Trigger an IRS Audit
Misclassifying workers is one of the biggest mistakes a business owner can make. It might seem cheaper to pay someone as a 1099 contractor, but if the IRS says they should be a W-2 employee, you’re looking at back taxes, penalties, and possible audits that could cripple your business. Let’s break down the IRS […]
Why the Wealthy Use Oil & Gas Investments to Cut Six Figures Off Their Taxes
What if the money you’re about to send to the IRS could instead fund an income-producing investment? That’s exactly what oil and gas investing makes possible. Thanks to IRS Code Section 263(c), investors can claim massive upfront deductions while also generating long-term cash flow from production. This makes oil and gas one of the […]
Q&A | The Tax Strategy Hierarchy Every Small Business Owner Should Know
When it comes to tax planning, not all strategies are created equal. Think of it like building a house. You start with a strong foundation before adding the more complex features. In tax planning, that foundation is made up of core tax strategies (simple, low-cost moves available to all business owners.) Only once these are fully […]
How Section 831(b) Captive Insurance Protects Your Business and Saves You Taxes
For most business owners, insurance is a cost of doing business. But with the Section 831(b) captive insurance election, it can also be a powerful tax strategy. A captive insurance company is essentially a private insurance company you own that insures risks your traditional policies won’t cover—such as supply chain disruptions, brand damage, cyber threats, […]
How to Choose the Right Retirement Account for Your Business
Most business owners want to do the right thing for their future: Save for retirement, lower their tax bill, and maybe even offer a benefit to employees along the way. But here’s the problem: many are using the wrong retirement plan. Some are overcomplicating things. Others are limiting themselves without even realizing it. And almost all are […]