As a tax preparer for many digital nomads particularly full-time RVers, I get asked lots of questions from current and prospective clients. As we are closing out 2018 and about to welcome in 2019, I thought I’d answer the most … Read More
Hip, hip, hooray! If you’re running a small business, then you should rejoice! Chances are you occasionally take prospective clients out for a meal or have a business meeting over lunch, right? Well, the IRS has officially released an update … Read More
For those of you with an established business, how do you handle taking a business on the road? Do you need to register a new business in your domicile state? Let’s talk about how to transfer an LLC to a new … Read More
Attention small business owners! You’ve probably been given the advice to form an LLC to help keep you protected. While this is solid information, in order to maintain this protection follow these 4 simple steps as part of your LLC … Read More
In case you’re not aware of the new rules regarding meals and food expenses in your small business the Tax Cuts and Jobs Act changed things up a bit starting in 2018. Business owners now have to reevaluate their budget … Read More
Using retirement contributions and a health savings account (HSA) to help reduce your immediate tax liability is a real way for tax savings. I highly suggest maxing out any retirement contributions possible. I also recommend contributing to your HSA, if … Read More
You may have read or heard about the latest sales tax ruling which allows states to change laws forcing online businesses to collect and remit sales tax. Now you’re wondering how this will affect you. Let’s take a look at how … Read More
First things first, this new provision, Section 199A, as part of the Tax Cuts and Jobs Act allows for a 20% deduction for qualified business income deduction. There are exceptions and it can get complicated, but, to keep it simple, … Read More
Where should I form an LLC? I get this question quite often. The answer is not Wyoming or even Nevada! Simply put, your domicile state is the best option. Don’t fall prey to the internet or a friend’s misguided advice … Read More
Many businesses and individuals file for an extension on their taxes. While there are plenty of reasons to need an extension, it does NOT mean you get extra time to pay taxes owed. What does this mean? It means you … Read More
