971 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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Insurance agents and agency owners can deduct marketing, E&O insurance, licensing, technology, vehicle costs, and office expenses.
US TaxJunk removal businesses can deduct truck costs (Section 179 or MACRS), dump and landfill fees, labor, fuel, insurance, and marketing.
US TaxJunk removal tax structure: 1. NOT an SSTB. Junk removal is a physical service trade (hauling, sorting, disposing), not one of the listed SSTB categories.
US TaxEstimated tax framework for junk removal: - Set-aside rate: 25-30% of net profit (after expenses, before owner draws). For a.
US TaxJunk removal helpers who ride on the company truck, use company equipment, and work the owner's schedule are employees. Classification analysis for junk.
US TaxMarketing agencies deduct software subscriptions, client acquisition costs, subcontractor payments, advertising spend (the agency's own).
US TaxMarketing agencies face an SSTB classification question: is the agency providing consulting (SSTB) or creative/execution services (non-SSTB)?
US TaxFor agencies with 60%+ revenue from retainers, the prior-year safe harbor is the simplest estimated tax approach: four equal payments based on last year's tax.
US TaxMarketing agency owners who use 1099 subcontractors instead of employees can maintain the Solo 401(k). An agency owner with no W-2 employees uses the Solo.
US TaxSubcontractor payments are deductible expenses that reduce QBI. However, unlike W-2 wages, subcontractor payments do not.
US TaxPainting contractors deduct paint/materials (25-40% of revenue, the largest cost), vehicle expenses, sprayer equipment ($2,000-$8,000).
US TaxPainting contractor tax structure: - SSTB status: NOT an SSTB. Painting is a physical trade. Not consulting, not a professional service.
US TaxPainting contractors face 3-4x seasonality (exterior work peaks in warm months). Painting contractor seasonal income pattern: Exterior-only painter: | Month.
US TaxPainting crew members are employees under IRS tests when the contractor controls the job site, provides equipment, and sets schedules.
US TaxPest control businesses deduct chemicals, vehicle costs, state licensing fees, and equipment. Major deduction categories for pest control businesses.
US TaxPest control businesses are NOT specified service trades or businesses (SSTBs), preserving the full QBI deduction at any income level.
US TaxPest control is moderately seasonal (55-65% of revenue April-September). Recurring contracts provide baseline revenue year-round.
US TaxPest control businesses (NOT SSTBs) qualify for the full 20% QBI deduction at any income level, making retirement plan contributions even more powerful.
US TaxWhy pest control technicians are usually employees: 1. Company provides the tools and materials. Company provides the tools.
US TaxA solo pet groomer earning $70,000+ in net profit should consider the S-Corp election. The S-Corp saves self-employment tax.
US TaxPet groomers must make quarterly estimated tax payments on grooming revenue and tips. All grooming revenue (service fees and tips) is self-employment.
US TaxSolo pet groomers can shelter significant income with the Solo 401(k). A solo groomer (no employees other than a spouse) uses the Solo 401(k): $24,500.
US TaxPet grooming supplies run 8-15% of revenue. Mobile grooming vans ($40,000-$80,000) qualify for full bonus depreciation if over 6,000 lbs GVWR.
US TaxPet grooming shops hire bathers (usually employees) and sometimes rent grooming stations to independent groomers (booth rental model).