business Archives - Wealth Builders CPA's

How the Law Decides If Your Travel Day is Personal or Business

If you operate a business and you travel to a business location where you spend the night, you are in travel status, but will tax rules make this a business […]

Know These Four Magic Business Mileage Rules

Weekly Tax Tips

When you know the rules related to business mileage, you protect yourself in the event of an IRS audit, and pay less tax. Take Henry, for example. Before he knew […]

QBI Update: Impact of Negative QBI and Previously Suspended Losses

Weekly Tax Tips

For 2018-2025, you (and estates and trusts) can use your qualified business income (QBI) to create the 20 percent deduction under Section 199A. While federal income tax losses from business […]

Choosing An Accountant

Uncategorized

Well, in tax world, this time period is what we like to call “the calm before the storm”. The extension filing due date has just passed (Monday to be exact) […]

Your Big Break

Blog

It seems that President Trump will begin traveling to various states to promote the tax reforms he promoted during his campaign. His first planned stop was to be last Wednesday […]