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Tax Deductibility of Meals: What Business Owners Need to Know

One of the most frequently asked questions by business owners is whether their meals are deductible. The IRS provides clear guidelines, but social media platforms like TikTok often exaggerate the deductions a business owner can claim. Let’s clarify the tax rules by examining four types of food purchases, starting with those that are not deductible. […]

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Are you protecting your most valuable asset?

What is your most valuable asset?  Great question, but the answer can go in many directions.  Do you think it is your physical assets or intangible assets?  What’s the one thing you can’t replace in your business?  That is your most important asset.  I think you would agree that human resources (you) are the business’

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STOP MIXING PERSONAL AND BUSINESS FINANCES

Many have written about co-mingling finances, however many business owners continue to do it.  Therefore, you get my version of the lecture.  Stop mixing your personal and business finances.  Some business structures REQUIRE you to keep business and personal separate, and while this may seem obvious, it is practiced less often than you’d expect.  Today, I want

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