2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
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Business travel expenses are deductible under IRC 162(a)(2) when the travel requires the taxpayer to be away from their 'tax home' overnight (or long.
Small Business & BookkeepingMost small business owners use personal assets for business: their phone, internet connection, computer, vehicle, and sometimes their home.
Small Business & BookkeepingThe home office deduction requires exclusive and regular use of a dedicated space. The simplified method is $5 per square foot (max $1,500).
Small Business & BookkeepingBusiness owners who use their personal vehicle for business have two methods to calculate the deduction. Standard mileage rate vs.
Small Business & BookkeepingBusiness owners who use a personal vehicle for work can deduct expenses using either the standard mileage rate (70 cents per mile for 2025) or the actual.
Small Business & BookkeepingUsing a personal vehicle for business creates a deduction worth $3,500-$15,000/year for most small business owners. Covers key rules, filing requirements,.
Small Business & BookkeepingThe business vehicle deduction is one of the most commonly claimed and most commonly audited deductions for small businesses.
Small Business & BookkeepingThe business vehicle deduction is the largest deduction for many small businesses. Standard mileage (70 cents/mile in 2025) is simpler.
CFO & AdvisoryA buy-sell agreement is a legally binding contract that governs what happens to a business interest when an owner dies, becomes disabled, retires.
CFO & AdvisoryBuying a business as an asset purchase lets the buyer depreciate and amortize the purchase price, saving significant taxes over 5-15 years.
CFO & AdvisoryWhen buying an existing business, the tax structure of the acquisition (asset purchase vs. stock purchase comparison. Covers key rules, filing.
Small Business & BookkeepingWhen a business owner buys commercial real estate (office, retail, warehouse, or mixed-use), the tax implications span depreciation, interest deductions.
CFO & AdvisoryThe franchise fee ($20,000-$50,000+) is amortized over 15 years under IRC 197. Ongoing royalties (4-8% of revenue) are deductible when paid.
Small Business & BookkeepingBuying equipment allows Section 179 expensing and bonus depreciation. Leasing provides fully deductible payments and preserves cash.
Small Business & BookkeepingMost small businesses benefit from S-Corp status, but C-Corps offer advantages in specific situations: retaining earnings at 21%.
Small Business & BookkeepingC-Corps pay a flat 21% corporate tax (TCJA rate, made permanent) with double taxation on distributions (qualified dividends taxed at 15-20%).
Small Business & BookkeepingA C-Corp pays a flat 21% corporate tax rate, then shareholders pay tax again on dividends (double taxation). but they are taxed completely differently.
Small Business & BookkeepingC-Corps face double taxation but offer unlimited shareholders, stock classes, and venture capital compatibility. Compare LLC, S-Corp, and sole.
Tax PlanningCapital gains tax applies when a business owner sells an asset (stocks, real estate, business interests, equipment) for more than its adjusted basis.
Tax PlanningA captive insurance company is a wholly owned subsidiary formed to insure the risks of its parent company. 831(b) micro-captive basics.
Small Business & BookkeepingA captive insurance company is a licensed insurance company owned by the business (or business owner) it insures. Micro-captive insurance (IRC 831(b)).
Tax PlanningA cash balance pension plan is a type of defined benefit plan that combines the high contribution limits of traditional pension plans with the portability.
Small Business & BookkeepingThe cash method recognizes income when received and expenses when paid. The accrual method recognizes income when earned and expenses when incurred.
Small Business & BookkeepingCash basis reports income when received and expenses when paid. Accrual basis reports income when earned and expenses when incurred.