In this edition of tax-saving tips, we’ll discuss how to turn Your Vacation—Even a Luxurious One—into Tax-Deductible Business Travel. We’ll also look at how the BOI Reporting Deemed Unconstitutional for Some and how Tax Reform Doubles Down on S Corporation Reasonable Compensation.

March 2024 Tax Saving Tips: Traditional and Roth IRAs: A Brief Overview; Get up to $32,220 in Sick and Family Leave Tax Credits; New Crypto Tax Reporting Rules Are Coming Soon

Question from a client: “I wondered if you had any recommendations on Roth IRA’s vs traditional IRA’s in my situation.  I have been putting most of our money into Roth IRA’s over traditional IRA’s to avoid taxes later (same with 401k investments). 

February 2024 Tax-Saving Tips: Estimated Tax Penalties, The IRS Annual Dirty Dozen List and Tax Implications of Selling Qualified Improvement Property (QIP)

Update: Corporate Transparency Act Requires BOI Reporting to FinCEN and New 1099-K Filing Rules Delayed Again .

What does it mean if your workers become employees? How can you keep Independent Contractor status for your workers? These are the questions that every business owner is going to need to ask in 2024.

IRS provides penalty relief … IRS is giving out holiday gifts!

Year-end filings and deadlines got you stressed?

It's important for business owners and real estate investors to be aware of these changes and take necessary actions to comply with the regulations.

As of January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require most legal entities, domestic or foreign, to report their Beneficial Ownership Information (BOI).