Blog

The Hidden Tax Trap in Debt Relief—and How to Dodge It

You finally caught a break—your lender forgave part (or all) of your business debt. But now the IRS wants a…
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Rising Import Costs: What Small Businesses Need to Know About Recent Tariff Shifts

Recent changes to U.S. trade policy are once again shifting the financial ground for small businesses—especially those that rely on…
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The R&D Tax Credit Isn’t Just for Tech: How Small Businesses Can Qualify and Save

When you hear “research and development tax credit,” you might picture scientists in lab coats or tech companies building new…
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Minnesota Cracks Down on HOA Overreach: What Homeowners and Boards Need to Know

Homeowners across Minnesota have long aired frustrations over aggressive homeowners association (HOA) boards—associations levying arbitrary fines, refusing access to financial…
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Two Critical IRS Tax Payments You Might Be Overlooking—And What To Do About Them

For many small business owners and self-employed professionals, tax season may feel like it ends in April. But in reality,…
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The Win-Win Tax Strategy Most Small Business Owners Overlook: Group Health Insurance

If you’re a small business owner trying to manage rising costs, attract the right people, and reduce your tax burden—you’re…
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How Real Estate Pros Can Use IRS Section 469 to Offset Taxes With Rental Losses

If you're in real estate—whether as an agent, investor, or business owner—you’ve likely encountered the frustrating limits around passive losses.…
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Why Paying Your Family Could Be Your Smartest (and Legal) Tax Move Yet

Imagine turning family time into real tax savings. That’s exactly what Alex, a small business owner, did — and you…
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Turn Hiring into Savings: The Hidden Benefits of Empowerment Zone Tax Credits

Imagine you’re a small business owner, working hard to keep your company afloat and looking for ways to reduce expenses.…
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Unlocking Growth: The New Markets Tax Credit (NMTC) for Small Businesses

Imagine being a small business owner who is passionate about your community and eager to expand, but you're also mindful…
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Your 2025 Nonprofit Filing Guide: What You Need to Know Before May 15

As a nonprofit organization, staying on top of filing deadlines is crucial for maintaining your tax-exempt status and avoiding unnecessary…
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Missed the April 15 Deadline? Here’s How to Prepare for Next Tax Season Now

While tax season might be over for many, it’s still a great time to remind yourself of the importance of…
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Tax Season’s Over—Now’s the Best Time to Maximize Deductions and Credits

You made it through tax season—take a deep breath. But here’s something many small business owners don’t realize: the best…
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How Active Participation in Real Estate Can Help You Save on Taxes

Imagine this: Maria, a recent immigrant who’s new to the world of real estate, has always dreamed of securing a…
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Unlock Big Tax Savings: The QBI Deduction for Small Business Owners

Running a small business is no small feat. Between handling day-to-day operations, keeping track of expenses, and managing growth, it’s…
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