DMV Taxes Deduction Lookup

DMV Tax Deduction Lookup In case you didn’t know, you are allowed to deduct the excise taxes you pay for your vehicle registrations.  Below are links  to your state’s DMV so you can look up the taxes you may deduct.  Arizona                California                […]

Paycheck Protection Program

How Small Businesses Can Apply for Money You Don’t Have to Pay Back Ever with the Paycheck Protection Program Last week, the President signed the CARES act (The Coronavirus Aid, Relief, and Economic Security Act).  Part of the CARES act includes the “Paycheck Protection Program” (PPP) for small businesses.  The PPP is a different program […]

Coronavirus: SBA Loan Assistance Program

SBA Economic Injury Disaster Loans If you own a small business and have been affected by the Coronavirus (COVID-19). I’m sure you’ve heard of the various stimulus bills the President and Congress have approved. Part of the stimulus includes the SBA Economic Injury Disaster Loan (EIDL). SBA’s EIDLs are loans offered for disaster areas.  SBA offers […]

Should I Open a Corporation or an LLC?

A corporation and an LLC are two very different entities. Both entities come with their own advantages and disadvantages; many of which relate to ownership structure, tax implications and how the business is formed. Both LLCs and corporations also have similarities, too. For example, both business structures offer personal liability protection, meaning owners/shareholders are protected […]

Benefits of Opening an HSA

Introduction A health-savings account, or HSA, is one of the most underutilized saving accounts. As monthly premiums are significantly less than other health plans, an HSA is a powerful means by which to limit healthcare costs and their associated tax burden, whilst saving for future medical expenses. One of the common misconceptions about opening an […]