Posts Tagged ‘smallbusiness’
Use Business Credit Card Rewards for Tax-Free Family Vacations
As a small business owner, you’re always looking for ways to make the most of your hard work and resources. One often-overlooked opportunity lies in your business credit card rewards. Did you know that these rewards can be used for personal family vacations—and the best part? They’re not taxable! In this blog post, we’ll explore…
Read MorePaying Grandchildren and Tax Savings
As a grandparent, you might think your options for supporting your grandchildren are limited to gifts or contributions to savings accounts. But did you know you can pay your grandchildren for work they do—and enjoy tax benefits while teaching them valuable life skills? In my latest YouTube video, I explain how paying your grandchildren can…
Read MoreTax Benefits of Oil & Gas Investments for W-2 Workers
For high-earning W-2 employees, finding effective ways to reduce income tax can be challenging. Many traditional deductions are capped or phased out at higher income levels, leaving fewer options for meaningful tax savings. However, one powerful strategy you might not have considered is investing in oil and gas. This unique approach not only offers potential…
Read MoreTax Strategies for W-2 Workers: Maximize Deductions and Reduce Your Tax Burden
Are you a high-earning W-2 employee looking to reduce your tax burden? Many people in high-income brackets often find themselves limited in the tax-saving strategies available to them. However, understanding how to maximize your deductions and utilize available credits can make a substantial difference in what you keep each year. Here’s a breakdown of essential…
Read MoreHow to Properly Implement the Augusta Rule and Maximize Your Tax Savings
The Augusta Rule, named after the famous golf tournament in Augusta, Georgia, is one of the most powerful tax-saving strategies available for business owners. It allows you to rent out your personal residence to your business for up to 14 days per year, without having to report the income on your personal taxes. But to…
Read MoreDebunking Social Security Myths: How to Maximize Your Retirement Benefits
When planning for retirement, Social Security is often top of mind. However, there are a lot of misconceptions out there about how to maximize your benefits. In my latest YouTube video, I break down the most common myths and offer strategies to help you make the most out of your Social Security benefits. Myth 1:…
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