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TopicsCrypto Deductions Family Irs Llc & S Corp Payroll Personal Taxes Real Estate Retirement Side Hustle Small Business Tax Strategy

We're planning a tax-deductible cruise for followers

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We're planning a tax-deductible cruise for followers

Announcing a cruise conference where attendees can potentially write off the trip as a business expense.

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Tax deductible cruise explained as a business conference

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Tax deductible cruise explained as a business conference

A cruise can be tax deductible if structured as a legitimate business conference with professional speakers.

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What reasonable and necessary mean for business expenses

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What reasonable and necessary mean for business expenses

Reasonable means spending within your means; necessary means it relates to your business purpose.

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Why your accountant never has time for tax questions

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Why your accountant never has time for tax questions

Accountants are too busy with bookkeeping to focus on taxes, which is why tax-only practices can give better attention.

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What happens if you skip filing taxes for 5 years

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What happens if you skip filing taxes for 5 years

Unpaid taxes plus penalties and interest can turn a $12K annual bill into $79K owed to the IRS.

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How to tell if a rental expense is a repair or improvement

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How to tell if a rental expense is a repair or improvement

Expense repairs you'll redo in 5-6 years, but depreciate long-lasting items like roofs to avoid IRS penalties.

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Tax deductions for online businesses and what to avoid

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Tax deductions for online businesses and what to avoid

Covers home office, mileage, meals, and computer deductions, plus common mistakes that trigger IRS flags.

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How to write off a cruise as a business expense

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How to write off a cruise as a business expense

Conferences at sea can be deductible if you combine learning with travel and document it properly.

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How to make a cruise tax deductible for your business

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How to make a cruise tax deductible for your business

A business cruise with educational sessions on taxes, investing, and retirement can qualify as a deductible conference expense.

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Why the IRS knows about your 1099 income even if you don't file

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Why the IRS knows about your 1099 income even if you don't file

The IRS gets copies of all your 1099s, so ignoring them just means they'll file for you with zero deductions.

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How to track business expenses with separate accounts

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How to track business expenses with separate accounts

Use dedicated bank accounts and credit cards for each business to keep expenses organized and easy to track.

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Why expensive tax preparers aren't always better

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Why expensive tax preparers aren't always better

Pricey preparers often skip legitimate deductions like meals and mileage, claiming they're too risky when they're actually allowed.

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What real tax strategy looks like vs generic plans

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What real tax strategy looks like vs generic plans

Real tax planning considers your age, retirement goals, and whether you prefer real estate or IRAs—not generic templates.

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Business conference cruises can be tax deductible

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Business conference cruises can be tax deductible

A cruise ship conference focused on taxes and retirement planning could qualify as a deductible business expense.

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Why you can't write off missed appointments

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Why you can't write off missed appointments

You never earned the money from no-shows, so there's nothing to deduct and no way to prove it.

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When DIY tax software works and when it doesn't

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When DIY tax software works and when it doesn't

W-2 only filers can use any software, but business returns have tricky deductions the IRS watches closely.

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How business owners can write off a vacation

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How business owners can write off a vacation

Attending a business conference can make travel expenses deductible, but you must spend time learning, not just vacationing.

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How the IRS catches people who inflate deductions

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How the IRS catches people who inflate deductions

The IRS computer flags returns where deductions are way out of proportion to reported income.

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How to reduce taxes when your business has lots of profit

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How to reduce taxes when your business has lots of profit

Bring in last year's taxes for a free review to see if you overpaid.

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How we help business owners pay less in taxes

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How we help business owners pay less in taxes

Overview of our approach to minimizing tax burden for business owners.

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Why I won't share tax horror stories

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Why I won't share tax horror stories

A tax professional explains they avoid sharing horror stories to prevent clients from making the same mistakes.

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Use one bank account to track business spending

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Use one bank account to track business spending

Keep all business transactions in one account so you can easily total your expenses and not miss deductions.

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Do you need an LLC to be considered a business

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Do you need an LLC to be considered a business

You don't need an LLC or a minimum income threshold to be considered a business for tax purposes.

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The Augusta rule isn't a free $14,000 deduction

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The Augusta rule isn't a free $14,000 deduction

Your employees must actually use your home for business purposes, and family members already living there don't count.

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688 videos in the library