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Dealing with Debt – Putting Dentists in the Driver’s Seat of their Wealth

February 10, 2021

Student loans can seem overwhelming but taking a look at the big picture can help The average dentist graduates with...

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Is My Trip a Deductible Business Expense?

October 16, 2019

Here is a scenario for you You planned a personal trip to Los Angeles arriving on Friday afternoon and leaving...

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Converting Your Residence into a Rental Property

October 9, 2019

The simple maneuver of converting your personal residence to a rental property brings with it many tax rules mostly good...

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How Corporations Lower IRS Audits of Home-Office Deductions

September 18, 2019

If you filed your business income and expenses as a proprietor in and reported or more in gross receipts your...

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TCJA Creates New Reasons for Accountable Plan Expense Reimbursements

September 4, 2019

Consequences of Improper Expense Reimbursements Taxable Income Risks Failure to use an accountable plan for your employee expense reimbursements including...

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Creating More Business Meal Tax Deductions After the TJCA

August 28, 2019

Here s good news for business meals the Tax Cuts and Jobs Act TCJA removed the directly related and associated...

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Effect of Death, Retirement, and Disability on 179 Deduction

August 7, 2019

What tax effect would death retirement or disability have on you or your business Here s an easy example to...

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Proven Tax Reduction Strategies for Sole Proprietors

July 25, 2019

If you operate your business as a sole proprietorship there are many strategies to reduce your taxes Let s start...

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Deducting Cruise Ship Conventions, Seminars, and Meetings

July 10, 2019

The IRS Considers All Ships That Sail Cruise Ships In your lawmakers were attempting to give the U S cruise...

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Q&A: Can the IRS Require Odometer Readings with the Mileage Rate?

July 3, 2019

Question Let s say you are under IRS audit for business mileage You claimed business miles at the IRS optional...

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Court-Approved Method to Beat IRS Penalties: Latest Update

June 19, 2019

Like you we at Engage Advisors don t like IRS penalties That s why we keep you up to date...

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Avoid This Super-Costly Mistake with Your Payroll Taxes

June 12, 2019

Let s say you paid your payroll taxes Is there any way you would have to pay those same payroll...

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