26
May
Minimize Tax or Maximize Value
-
By
Jason Watson
Key Takeaways
Focus on Wealth, Not Just Taxes: Prioritize building business value first; tax savings are secondary.
Lending Con...
26
May
Small Business Accounting Methods
-
By
Key Takeaways
Cash vs. Accrual Accounting: Cash-basis records revenue when received and expenses when paid; accrual-basis records ...
26
May
Employee Ownership
-
By
Key Takeaways
Employee Ownership as an Exit Strategy: Selling or transferring a business to employees can support succession plann...
29
Apr
Section 199A Final Regulations Deeper Dive
-
By
Key Takeaways
Section 199A Overview: Created by the Tax Cuts and Jobs Act of 2017, it offers a 20% deduction for qualified busines...
22
Feb
Home Office Depreciation
-
By
Key Takeaways
Accountable Plans: Employee reimbursements aren’t taxable if expenses are properly documented and excess reimburseme...
10
Feb
Section 199A Self-Employed Health Insurance
-
By
Key Takeaways
Section 199A Basics: Pass-through deduction equals 20% of qualified business income (QBI), but deductions like self-...
20
Jan
Section 199A S Corp Benefits
-
By
Key Takeaways
Section 199A gives small business owners a 20% deduction on qualified business income (QBI).
S Corporations reduc...
19
Jan
Section 199A Rental Income Safe Harbor
-
By
Key Takeaways
Section 199A offers a 20% deduction for small business income, including certain rental income.
Rental properties...
19
Jan
Section 199A Final Regulations Treasury Decision 107892-18
-
By
Key Takeaways
Tax Cuts and Jobs Act of 2017 created the Section 199A Qualified Business Income (QBI) Deduction for business owners...
18
Jan
Section 199A Updated
-
By
Key Takeaways
Section 199A Qualified Business Income Deduction (QBID) gives individuals a 20% deduction on qualified business inco...
