Last-Minute Year-End Retirement Deductions

Last-Minute Year-End Retirement Deductions

The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider. Establish Your 2023 Retirement Plan First, a question: do you have your...
Medical Plan Strategies for Business Owners

Medical Plan Strategies for Business Owners

All small-business owners with one to 49 employees should have a medical plan for their business. Sure, it’s true that with 49 or fewer employees, the tax law does not require you to have a plan, but you should. When you have 49 or fewer employees, most medical plan...
Year-End Tax Strategies for Your Stock Portfolio

Year-End Tax Strategies for Your Stock Portfolio

When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2023 income taxes. The tax code contains the basic rules for this game, and once you know the rules, you can apply the...
Last-Minute Year-End General Business Income Tax Deductions

Last-Minute Year-End General Business Income Tax Deductions

Let's reveal how you can get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are six powerful business tax...
How to Deduct Start-up Expenses for Your Rental Property

How to Deduct Start-up Expenses for Your Rental Property

Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses. Start-up expenses are some of the costs...