November 2020

All small-business owners with one to 49 employees should have a medical plan in their business.   Sure, the tax law does not require you to have a plan, but you should.   Most of the tax rules that apply to medical plans are straightforward when you have fewer...

Here’s an easy question: Do you need more 2020 tax deductions? If yes, continue on.   Next easy question: Do you need a replacement business vehicle?   If yes, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (needing a replacement...

Here’s an easy question: Do you need more 2020 tax deductions? If yes, continue on.   Next easy question: Do you need a replacement business vehicle?   If yes, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (needing a replacement...

The purpose of this Blog is to get the IRS to owe you money.   Here are seven powerful business tax deduction strategies that you can easily understand and implement before the end of 2020.   Prepay Expenses Using the IRS Safe Harbor   You just have to thank...