Turn Family Dinners into Tax Deductions: The Board Meeting Strategy Every Business Owner Needs.
Category Archives: Taxes
4 Powerful Tax Secrets Every New York Business Owner Should Know
Discover four essential tax strategies from an expert CPA that can save small business owners thousands.
Don’t Panic, Prepare: Why LGBTQ+ Couples Need Paperwork
With uncertainty around marriage equality, LGBTQ+ couples can protect their futures effectively through legal documents and financial planning.
SALT Workaround Explained: 5 Must-Know Tax Secrets for Business Owners
The SALT deduction cap forces business owners to pay tax on their taxes—but there’s a workaround. Discover how the SALT workaround works, who qualifies, key deadlines, and why proactive planning can save entrepreneurs thousands in federal taxes.
Why Filing an Extension Might Be the Smartest Move You Make This Year
Filing a tax extension isn’t procrastination—it’s strategy. Discover how extensions can maximize deductions, reduce errors, improve cash flow, and unlock powerful tax-saving opportunities for business owners and individuals.
Trusts: What They Are and What They’re Not
At its core, a trust is an estate planning tool, not a tax loophole. It’s a legal arrangement where one person (the trustee) holds and manages assets on behalf of another (the beneficiary). Trusts can be used to control how and when your assets are distributed, avoid probate, protect privacy, and provide for minor children or family members with special needs.
Is the temporary increase in the CAP from $10,000 to $40,000 going to reduce your taxes?
The SALT CAP deduction has been getting a lot of airtime. Is the temporary increase in the CAP from $10,000 to $40,000 going to reduce your taxes? The short answer is it depends.
Leasing a Car for Your New York Business: Is It Tax Deductible?
Leasing a car for your business can be a smart move both operationally and financially. By understanding the rules around tax deductions and keeping thorough records, you can reduce your tax burden while keeping your business on the move. Ready to hit the road? Just make sure your paperwork is as smooth as your ride!
Reduce your capital gains tax bill when selling your home
If you sold a home, part of your profit could be subject to capital gains taxes.
Donor-Advised Fund Tax Strategy for Small Business Owners
How small business owners can use a Donor-Advised Fund to reduce taxes in high-income years and donate appreciated assets strategically.