There are a lot of common tax-smart business investments out there. But some trod off the beaten path. While this blog doesn’t often wax poetic, today, it’s going down the path less traveled to find three often-overlooked business investments that might help you make more profit this year. Let’s go! Qualified Small Business Stock (QSBS)… Read More
Every business makes investments, whether it’s in people, equities, or equipment. Every business should have a tax strategy as well, but many don’t. If you have investments and a tax strategy for your business, then bravo! However, it’s not enough just to have them hanging out separately. These two are the equivalent of brother and… Read More
The New Year has come, and it has brought tax changes that could have a big impact on your business. Today’s post will cover the potential impact of these changes at the federal and state levels for those doing business (or thinking about doing business) in Louisiana. Let’s go! Looming Federal Tax Code Changes When… Read More
This blog tends to focus on the nuts and bolts of business and finance. But all financial transactions are behavioral, so it’s important to focus on mindset from time to time. No matter what kind of year your business had in 2024, it’s important to shift your mindset to the future. Today’s post will discuss… Read More
The list of corporations built using a low debt load strategy reads like a business hall of fame. Berkshire Hathaway, Monster Beverage, Chick-Fil-A, Adobe, Alphabet, and Meta all used little to no leverage to become business empires that are now household names. But is a debt-free approach the best strategy for your business? Today’s post… Read More
This blog has covered many elements of a good profit plan in the past, but no post has covered the entire process. That’s because a good profit plan takes time to explain, and this blog tries to keep things quick for you. Today, we are going to walk the tightrope between information and time. This… Read More
Consumers and business owners in the U.S. enjoyed nearly 0% interest rates and low inflation for over a decade before 2023. Alas, those days are gone, and many business owners find themselves having to raise prices in response to the current economic conditions. There’s a lot to think about when raising prices, especially the tax… Read More
The new year is approaching fast, and that means finalizing business plans for 2025. Since it’s the season for giving, we thought it would be a good idea to give you some tax tips to help you with the process. Let’s go. Tip #1: Maximize the Qualified Business Income (QBI) Deduction This first tip has… Read More
Payroll tax and sales tax management are a headache at best and, at worst, a way to trigger an audit. But is it worth bringing in outside help to deal with them? Today’s post will cover that question and give you the benefits and costs if you decide to bring in a tax professional. Let’s… Read More
Business tax deductions are arguably one of the most misunderstood parts of entrepreneurship. Many business owners are overconfident in their ability to understand this dynamic and complicated business area. Unfortunately, that overconfidence leads to costly mistakes. So, today’s goal is to help you identify ways to know if you need to take a deduction and,… Read More