How LLCs Can Provide Real Asset Protection
When it comes to estate planning and protecting your assets, LLCs (Limited Liability Companies) can be a powerful tool—but only if they’re used correctly. There’s a lot of misinformation out there, so let’s clarify what works and what doesn’t.
The “Strange Bed Rule”: What It Means for Business Travel Deductions
Have you ever heard of the “strange bed rule”? Don’t worry—it’s not what you think. This isn’t about awkward situations or hotel mix-ups. It’s actually a tax rule, and if you travel for work, it can have a big impact
The “Strange Bed” Rule: A Simple Guide to Business Travel Deductions
When it comes to tax deductions for business travel, there’s an oddly named but surprisingly important concept: the “strange bed” rule. And no—it’s not what you think. What Is the Strange Bed Rule? The strange bed rule is a tax
Midyear Tax Strategy Reports: The Secret Weapon for Business Owners Who Want to Save Big
If you’re a business owner who’s serious about saving money on taxes, midyear is the perfect time to take action. On July 12th, 2025, I wrapped up creating our midyear reports for our bookkeeping clients—and these aren’t just your standard
Can You Deduct That? Smart Tax Tips for Business Owners
If you’re a small business owner, it’s tempting to try to squeeze every personal expense into your business books. But the IRS has clear rules—and trust me, they’re not worth bending. Here’s a breakdown of some common tax strategies people
The Hard Truth About Building a Successful Business
When it comes to growing a business, there’s one reality you can’t ignore: success doesn’t come from wishful thinking. You can’t claim that you want a profitable business, aim to become a millionaire, or dream about making a big impact—and
How the QBI Deduction Can Boost Your Small Business
The recent tax legislation has delivered some excellent news for small business owners. One standout benefit is the Qualified Business Income (QBI) deduction, a tax break designed to help you keep more of what you earn. What Is the QBI
How to Attract Clients Without a “Crazy Offer”
Many service-based business owners believe they need to create a flashy, over-the-top offer to get clients to sign up. But the truth is, you don’t need a “MacDaddy” deal to grow your business. Instead, focus on the fundamentals that actually
How I Legally Pay My Eight-Year-Old and Get a Tax Break
Paying your kids for work they do around your business isn’t just a smart way to teach responsibility—it can also provide significant tax benefits. Here’s how I’ve set it up with my eight-year-old. Finding Age-Appropriate Work With young children, finding
The Truth About Tax “Loopholes”
When it comes to taxes, there’s a common misconception that you need to find “loopholes” to save money. The truth? There are no loopholes. What People Really Mean by “Loopholes” When you hear someone talk about tax strategies, these aren’t