Most people know you can roll a 401(k) into an IRA when you leave a job. Almost nobody knows it can work the other way. In the right situation, rolling money into your 401(k) is exactly what makes a backdoor Roth strategy actually work. If your income is too high to contribute directly to a […]
Can You Roll an IRA Into Your 401(k)? Here’s Why It Matters for a Backdoor Roth Read More »
Most people think their 401(k) contribution has a hard ceiling. Hit the annual limit, and you’re done saving for the year. For a growing number of employees, that assumption is wrong, and not knowing it is expensive. Here’s what most employees don’t realize: a 401(k) can hold three different types of employee contributions, not just
The Mega Backdoor Roth: How Some 401k Plans Let You Save Far More Than the Annual Limit Read More »
Mark a job up 100% and it feels like you just doubled your money. That’s the math every contractor thinks they’re doing, and it’s wrong. That’s because this math focuses on the markup and ignores the margin. Markup and margin seem interchangeable. They’re both percentages and both about pricing. Most people assume they are the
Why 2x Markup Does NOT Mean You Doubled Your Money: Markup vs. Margin Read More »
I’ve had a front row seat to many business partnerships over my years as a professional CPA. Some people will tell you that choosing to work with their partner was the best business decision they ever made. Others will tell you it’s the reason they almost lost everything, tangled up in a legal fight, and
Business Partnership – Choose Wisely Read More »
You want to help your daughter with a down payment, or hand a grandkid something real for graduation, and somebody warned you the gift tax is going to take a cut. It won’t. For almost everyone, going over the $19,000 annual gift limit costs exactly nothing in tax. The worst case is an extra form
Married Couples: How to Give More Than $19,000 Without Filing a Gift Tax Return Read More »
QuickBooks Online (QBO) is the QuickBooks and bookkeeping software most small businesses use, and for good reason. Bookkeepers use it. CPAs use it. Banks recognize it. Is it perfect? No. But it’s the one everybody speaks fluently, and that makes your life a whole lot easier. But here’s where a lot of business owners get
Stop Guessing Which QuickBooks Plan You Need. Start Here. Read More »
Hiring is one of the most consequential decisions in business. Treating it like a necessary inconvenience, posting something fast, hoping for the best, is a good way to miss out on great candidates. If you’re listing jobs with Indeed what you put in a listing up front is often what you get out of it.
Tips to Hire Well with Indeed Read More »
You bought a piece of equipment online, the seller didn’t charge sales tax, and you figured you caught a break. You didn’t. You may still owe the tax. It’s called use tax, and it’s one of the most common reasons an Alabama small business gets hit with a surprise bill during an audit. Strong clean, audit-ready bookkeeping helps keep this information
Why Your City Wants to See Your Equipment Receipts Read More »
The catered lunch you buy your crew on a long install day has earned you a tax deduction for years. Starting in 2026, that same lunch may be worth nothing on your return. A tax change is coming that affects how businesses deduct meals, snacks, and food provided to employees. Some expenses that were 50%
Your Crew’s Lunch Just Lost Its Tax Deduction Read More »
A lot of small business owners assume that if they’re already paying rent on an outside space, the home office deduction is off the table. That assumption is costing them money. This is exactly the kind of issue to review as part of business tax planning services. The IRS doesn’t limit you to one place of business. What they care about
Your Rented Space Doesn’t Kill Your Home Office Deduction Read More »
