Every dollar counts when running a business, especially as a remote business owner and digital nomad. But not all expenses are created equal. Some are tax-deductible, meaning you can subtract them from your taxable income and reduce your overall tax bill. To understand the financial health of your business you need to understand business expense…
Every year, as tax season rolls around, millions of people turn to do-it-yourself (DIY) tax software in hopes of saving money and time. It’s time to avoid costly mistakes and hire a tax professional. It’s easy to see the appeal: the software is generally user-friendly, affordable, and allows you to file from the comfort of…
The BIG List of Tax Deductions for Small Businesses These are the questions I get asked most often as a tax professional: “What are some deductions that people miss?” “What deductions can I take for my business?” “Can I take all my mileage since I travel for business?” And it’s understandable. The federal tax code…
Filing income taxes can feel overwhelming, but proactive year-end tax planning can ease the process and lead to better financial outcomes. As the year winds down, it’s the perfect time to focus on year-end tax planning strategies to prepare for tax season effectively. Year-End Tax Planning Strategies Delaying year-end tax planning could result in missed…
Do you own an RV? Are you a full-timer? Part-timer? Do you use it for business purposes? Do you travel for vacation with your family? Let’s review the top 9 RV tax benefits and deductions so you can get the most out of your taxes. Primary RV Tax Benefits and Deduction for RV Owners RV…
Do you own a business and live in an RV? You may be tempted to claim a home office deduction on your taxes for a portion of your RV. But this can be a risky move. Let’s break down why it might not be a good idea to take the home office deduction for your…
When managing your finances, the choice between cash and accrual accounting can significantly impact your business’s financial health, tax obligations, and decision-making insights. Understanding which method aligns best with your operations is crucial for accurate financial reporting and strategic planning. What Are Cash and Accrual Accounting? The primary difference between these methods is timing: Cash…
Reducing your tax burden is a goal most of us have. While legitimate methods exist to achieve this, some strategies can lead to unexpected complications. One such strategy involves using a Montana LLC for RV registration to avoid sales taxes in your home state. Before pursuing this route, it’s important to weigh the potential risks…
Let’s face it. We all want to save more on taxes. Now’s the time to learn how to maximize your tax savings by understanding how to take the mileage deduction as a business owner. Mileage Deduction as a Business Owner As a digital nomad, your lifestyle likely involves a significant amount of travel—whether it’s meeting…
When should my business create an S Corp? I hear this question all the time. S Corp is a popular and often talked about option for business owners, but you should consider this option carefully. The extra responsibilities are not a fit for all. Let’s review insider tips, both positive and negative, so you can…
Hi! I’m Heather Ryan, EA and I get RVlife. As a fellow digital nomad, I understand many of the unique tax situations created by travel. I also fully support entrepreneurs and the struggles they face. The goal of this site is to offer my knowledge through advice and tips to real-life situations and questions.
Are you getting ready to transition to full-time RVing? Are you already on the road?
This book has everything you need to know about taxes as an RVer.
Disclaimer:
This website is for general information only and is not intended to substitute for obtaining legal, accounting or financial advice. It is not rendering legal, accounting or other professional advice. Presentation of the information on this website is not intended to create a client relationship. For specific tax assistance please consult a tax professional on an individual basis.
While I make every effort to furnish accurate and updated information, I do not guarantee that any information contained in this website is accurate, complete, reliable, current or error-free. I assume no liability or responsibility for any errors or omissions in its content