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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The QBI deduction lets pass-through business owners deduct up to 20% of qualified business income. SSTB limits, W-2 wage caps, and phase-outs.
Tax PlanningThe 20% QBI deduction phases out for specified service trades above the income threshold. Architects, engineers, and real estate pros keep the full.
Small Business & BookkeepingThe Section 199A Qualified Business Income (QBI) deduction under IRC 199A allows owners of pass-through businesses (sole proprietorships, partnerships.
Tax PlanningThe Section 199A QBI deduction reduces taxable income by up to 20% of qualified business income. QBI deduction basics: Below the income threshold: -.
Small Business & BookkeepingRental real estate activities can qualify for the 20% qualified business income (QBI) deduction under IRC 199A if the activity rises to the level.
Small Business & BookkeepingIRC 1202 excludes up to $10 million (or 10x basis) of capital gain on the sale of qualified small business stock held for 5+ years.
Small Business & BookkeepingSection 1202 of the Internal Revenue Code allows shareholders who hold qualified small business stock (QSBS) for at least 5 years to exclude up.
Small Business & BookkeepingQualified Small Business Stock under IRC 1202 allows founders to exclude up to $10 million (or 10x basis) in capital gains from federal tax.
Small Business & BookkeepingIRC 1202 allows founders and early investors in qualifying C-Corporations to exclude up to $10 million (or 10x their basis.
Tax PlanningA Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) under IRC 9831(d) allows employers with fewer than 50 full-time employees.
Small Business & BookkeepingQualified Improvement Property (QIP) is depreciable over 15 years and eligible for 100% bonus depreciation. What qualifies as QIP: - Interior walls.
Small Business & BookkeepingBusiness owners can defer and potentially reduce capital gains by reinvesting in Qualified Opportunity Zone Funds. Covers key rules, filing requirements,.
Small Business & BookkeepingQualified Opportunity Zone (QOZ) funds allow investors to defer capital gains by reinvesting proceeds into designated economically distressed census.
Small Business & BookkeepingInvesting capital gains into a Qualified Opportunity Zone Fund (QOZF) under IRC 1400Z-2 defers recognition of the gain and, if held for 10 years.
Small Business & BookkeepingQualified Opportunity Zones (QOZs) under IRC 1400Z-2 allow investors to defer and potentially exclude capital gains by investing in designated low-income.
Small Business & BookkeepingInvesting capital gains in a Qualified Opportunity Fund defers the original gain (to 2026, or 5 years for post-2026 investments) and can exclude appreciation after 10 years.
Small Business & BookkeepingUnder IRC 1202, founders and investors in qualifying C-Corporations can exclude up to $10 million (or 10x their basis) of capital gains when selling stock.
Small Business & BookkeepingEvery quarter: reconcile bank and credit card accounts, categorize transactions, review profit and loss, calculate estimated tax payment.
Small Business & BookkeepingQuarterly estimated taxes are due April 15, June 15, September 15, and January 15. Missing a payment triggers an automatic penalty per IRC 6654.
Small Business & BookkeepingSmall businesses with employees must file Form 941 quarterly, deposit payroll taxes on schedule, and comply with state payroll reporting.
Small Business & BookkeepingEvery quarterly and annual tax deadline for small business owners in 2025, including estimated tax payments, payroll tax deposits, information returns.
Small Business & BookkeepingReal estate investors can defer gains with 1031 exchanges, accelerate depreciation with cost segregation studies, and deduct losses with REPS.
Small Business & BookkeepingUnder IRC 469(c)(7), a qualifying real estate professional who also materially participates can treat rental losses as non-passive. The two tests and the traps.
Small Business & BookkeepingUnder the passive activity loss rules of IRC 469, rental activities are generally treated as passive regardless of the owner's participation level.