Tax Planning
Ronica Brown
12 Money-Saving Moves Before December 31st

Oh, December… this is easily my favorite time of the year and I hope that you also enjoy the holiday season as well.

Enjoy time with your loved ones and I hope you get to take a long vacation from work and business. But before you do this, I’ve prepared an early gift for you: 12 Money-Saving Moves Before December 31st.

Here are the 12 things you need to do before year-end…

12 Money-Saving Moves Before December 31st
Tax Planning
Ronica Brown
How To Pay Less In Taxes Now

Everyone hates paying taxes. Everyone wants to pay less in taxes

Unfortunately, most business owners don’t know how to find tax-deductible loopholes, so they merely accept things as they are. Some business owners are already working with great CPAs who are amazing at preparing tax returns but don’t know how to help their clients minimize their taxes.

How To Pay Less In Taxes Now
Cash Flow
Ronica Brown
Should I cash out my 401(K)?

Are you looking to cash out money from your 401(K)? In these uncertain times, the focus is on these two things: Cash Flow and Sources of Cash Flow. The Cares Act aka the stimulus bill includes great incentives for business owners, who need access to cash.

Should I cash out my 401(K)?
Business Tax, Business Deductions
Ronica Brown
How to Make Your Fun Travel a Business Tax ...

If you are a travel enthusiast my guess is that you will be constantly searching travel sites to find cool places to visit, or you could be wondering why you never have time to travel and promise yourself that something will change soon.

How to Make Your Fun Travel a Business Tax Deduction
Tax Planning, Business Deductions
Ronica Brown
The New Tax Law Cuts Your Deduction For Meals ...

Just when you started to have fun in your business, the new tax law comes along take away all the fun deductions from your business expenses. One of the benefits...

The New Tax Law Cuts Your Deduction For Meals and Entertainment Expenses

tax deductions

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5 Business Tax Savings Strategies for Married Couples

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5 Business Tax Savings Strategies for Married Couples

Tax planning provides a way for business owners to keep more of the money they earn. The key to tax planning is knowing the right deductions that will work for your unique tax situation. For example, getting an S-corporation election one of the most common tax planning strategies to lower self-employment tax.  

5 Easy Ways to Reduce Your Tax Bill: The IRS Doesn’t Want You To Read This

5 Easy Ways to Reduce Your Tax Bill: The IRS Doesn’t Want You To Read This

One of the greatest struggles of business owners is cash flow preservation - keeping more of the money they make. Being strategic about how and when to purchase supplies, pay taxes and how to claim charitable deductions can affect the amount of annual income or profit claimed, and therefore the amount of taxes owed.