Now let’s take a minute to discuss some fun deductions for meals and entertainment.

Now let’s talk about the most common mistake that business owners and professionals make with vehicle expenses…

Home office expenses are probably the most misunderstood deduction in the entire tax code.

Now let’s talk about health-care costs.

Now let’s talk about the fifth mistake: missing family employment.

Now let’s talk about the fourth mistake: choosing the wrong retirement plan.

The next most expensive mistake is choosing the wrong business entity.

The second biggest mistake is nearly as important as the first, and that’s fearing, rather than respecting, the IRS.

“There is nothing wrong with a strategy to avoid the payment of taxes. The Internal Revenue Code doesn’t prevent that.” – William H. Rehnquist The first mistake is the biggest mistake of all. It’s failing to plan. I don’t care how good you and your tax preparer are with a stack of receipts on April…

Are you confident you’re taking advantage of every available break? Is your tax advisor giving you proactive advice to save on taxes? If you’re like most business owners, your answers are “no,” “no,” and “huh?” And if that’s the case, I’ve got bad news and I’ve got good news. The bad news is, you’re right.…