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2 Provisions That Allow for $100,000 Tax-Free IRA Borrowing

2 Provisions That Allow for $100,000 Tax-Free IRA Borrowing

The $2 trillion COVID19 economic recovery bill titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) offers, among many things, some meaningful tax relief. Let’s go over two tax relief measures in the CARES Act that can potentially benefit...
Amazing Way to Use Health Insurance as a Tax Deduction

Amazing Way to Use Health Insurance as a Tax Deduction

Health insurance is no fun topic. There’s lots of debate around the necessity of paying high premiums. However, if you’re self-employed (i.e. you work as a contractor or freelancer), then pay attention. It’s important to know how to take health...
Top 10 Coronavirus Stimulus Questions & Answers

Top 10 Coronavirus Stimulus Questions & Answers

With everything that is going on recently, I’m getting lots of questions about when, how and who will receive the stimulus check as part of the latest government actions. Specifically, I’m talking about the CARES Act passed by the US government just last...
5 Steps to Create a Financial Plan for the Coronavirus

5 Steps to Create a Financial Plan for the Coronavirus

No matter where you currently are parked, you’re likely being impacted by this crazy coronavirus pandemic. I’m also guessing that you are worried about how it will impact your business finances including taxes. Now’s the time to create a financial...
7 Easy Ways to Reduce Self-employment Taxes

7 Easy Ways to Reduce Self-employment Taxes

Who here doesn’t like seeing their tax liability? I think most of you just mumbled “me” to yourself. Am I right? Here are 7 ways to reduce self-employment taxes for small business owners. By now I’m pretty sure you understand you have...