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United against the TaxMan.

Some say taxes are a fact of life. This blog says otherwise.

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Deduct 100 Percent of Your Business Meals under New Rules

As a reader, you know that we try to find multiple ways for you to legally deduct 100 percent of your business meal expenses versus the typical 50 percent. Nowe, you have fresh opportunities for writing off 100 percent of your business meals.

Christopher Ragain

ARPA Ends Dreaded Cliff for Health Insurance Premium Tax Credit

If you are self-employed or operate as a corporation, and you can’t get individual health insurance coverage through your spouse (or through Medicare), you can always obtain it through the premium tax credit (PTC) which comes from the Affordable Care Act.

Christopher Ragain

Most Recent

Deduct 100 Percent of Your Business Meals under New Rules

As a reader, you know that we try to find multiple ways for you to legally deduct 100 percent of your business meal expenses versus the typical 50 percent. Nowe, you have fresh opportunities for writing off 100 percent of your business meals.

Christopher Ragain

ARPA Ends Dreaded Cliff for Health Insurance Premium Tax Credit

If you are self-employed or operate as a corporation, and you can’t get individual health insurance coverage through your spouse (or through Medicare), you can always obtain it through the premium tax credit (PTC) which comes from the Affordable Care Act.

Christopher Ragain

Wow! Married, Filing Separately, May Be the Tax Year 2020 Strategy

On the 2020 tax table, you find tax-free unemployment benefits and three rounds of recovery rebates. And you might find more cash by simply using the married-filing-separately option.

Christopher Ragain

ARPA Liberalizes the Earned Income Tax Credit Rules

The earned income tax credit (EITC) has been around for years. But for some folks, it’s never been worth as much as it will be for 2021.

Christopher Ragain

Starting a New Business? Get Up to $100,000 in Tax-Free Money

Now, thanks to the recently enacted American Rescue Plan Act of 2021 (ARPA), you can qualify for up to $100,000 of ERC in the third and fourth quarters of 2021 if...

Christopher Ragain

Employee Retention Credit: Step-by-Step Example

With the Consolidated Appropriations Act, 2021, millions of small-business owners like you now qualify for the employee retention credit (ERC) thanks to three big changes:

Christopher Ragain

Can You Claim the ERC for the Owner of a C or S Corporation?

Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC).

Christopher Ragain

Double Benefits: Claiming Both the ERC and Tax-Free PPP

Thanks to the new December law, you can have both tax-free PPP money and tax credits from the ERC.

Christopher Ragain

Tax Bonanza: Expanded Individual Tax Credits in New Law

With good planning on your end—which you have more control of than most, because you are in business for yourself—the various credits could easily put an additional $5,000 or more in your pocket for tax year 2021.

Christopher Ragain

PPP Extended- Act Fast or Miss Out

According to testimony before the Senate, the money could run out as early as mid-April. That’s just a few weeks from today.

Christopher Ragain

Update: COVID-19 Tax Relief Measures after the New Law

Christopher Ragain

Deducting Disaster Losses for Individuals

Uninsured losses to personal non-business property such as your home, personal belongings, or personal car due to a disaster can be deductible. But the rules are complex and not as generous as they used to be.

Christopher Ragain

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