Unlock the secrets of Modified Adjusted Gross Income (MAGI)! Learn how this crucial tax term impacts small business owners’ eligibility for tax credits, deductions, and retirement contributions. Discover MAGI calculation methods and strategies to reduce your MAGI for maximum tax savings.
Learn the top 20 tax terms every small business owner should know—from deductions and credits to S-Corps and Schedule C. Written by a CPA for creative entrepreneurs, this guide simplifies key tax concepts to help you run a financially confident business.
Confused about business expenses vs. tax deductions? Learn the key differences, what you can “write off,” and common non-deductible expenses to maximize your small business tax savings.
Learn how LLCs, S-Corps, and other business structures protect your personal assets—and when they don’t. Discover key liability risks and how to safeguard your finances as a small business owner.
Wondering if you can claim your boyfriend, girlfriend, or domestic partner as a dependent on your taxes? Learn the IRS rules, eligibility tests, and potential tax benefits of claiming a significant other. Get expert tax insights and maximize your deductions!
Learn how a Flexible Spending Account (FSA) works, how it saves you money on taxes, and how to avoid losing unused funds. Get answers to the top FSA FAQs, including contribution limits, tax benefits, and rollover rules. Make the most of your FSA with this expert guide!
Wondering if your HOA fees are tax deductible? Learn when homeowners, rental property owners, and business owners can deduct HOA fees, special assessments, and home office expenses. Get expert tax tips to maximize your deductions and lower your tax bill.
Discover how summer camp expenses can help lower your tax bill with the Child and Dependent Care Credit. Learn the qualifications, tax savings, and how to claim this credit for day camp costs. Find out if you’re eligible to reduce your tax burden while giving your child a fun summer experience!
Learn how to extend your federal and state tax returns effortlessly. Understand deadlines, filing processes, and payment tips to avoid penalties and stay compliant with tax laws.
Thinking about starting a business with a partner? Learn all about multi-member limited liability companies (MMLLCs): their benefits, tax implications, and how they differ from other business structures. Discover how to convert your single-member LLC into an MMLLC and set your business up for success.
