The Affordable Care Act (ACA) eliminated most small business health plans that reimbursed individually purchased health insurance. Consequently, many small business owners chose health savings accounts (HSAs) or opted to provide no health coverage at all. As of 2022,...
I want to bring to your attention some recent developments regarding the “hobby loss rule.” Given that many of my clients have diverse sources of income, some of which might be considered hobbies, I believe this information could be of great importance to you. What Is...
I hope this letter finds you and your loved ones safe and well. Recent natural calamities in various parts of our nation have caused considerable distress. I want to bring to your attention some crucial tax-related implications and preventive measures you may...
Contrary to popular belief, the IRS does not limit business owners to claiming deductions on only one business vehicle. You might maximize tax benefits by using multiple vehicles for business purposes. This is particularly true when you use the vehicles predominantly...
Ever had the thought of becoming a digital nomad? It's an incredible lifestyle where you can work online and have the freedom to explore the world, working from any place you fancy, whether it's a cozy coffee shop or a bar on a breathtaking beach. If you're still on...
