by jerry.chyo@gmail.com | Feb 12, 2024 | Tax Planning
Do Millenials know what a Defined Benefit Plan is? How often do Millennials think about their retirement plans? Retiring is like that high school crush you never quite figured out. Intriguing yet perplexing, offering promises of golden years filled with leisure,...
by jerry.chyo@gmail.com | Feb 6, 2024 | Tax Planning
Your S Corp payroll can save you MONEY! As an S Corp shareholder, you are required to be on the companies payroll. Let’s look at the best way to “pay” yourself as an S Corp owner. Introduction S Corporations (S Corps) can be looked at as a great blend of a...
by jerry.chyo@gmail.com | Aug 3, 2023 | Tax Planning, Tax Preparation
Deducting legal fees on your taxes “Feels” like a no brainer. I mean, paying an attorney just feels like it should be deductible, right!? Should you know what kind of legal fees are tax deductible? Not all legal fees are tax deductible. After you read this...
by jerry.chyo@gmail.com | Jul 21, 2023 | Tax Planning
I’ll admit. This retirement stuff can be confusing. I mean really confusing. 401K’s, IRA’s, wait…there are more than one kind of IRA? SEP IRA? ROTH IRA? ROTH 401K?? What are they trying to do to you!?! How do they compare? Why are...
by jerry.chyo@gmail.com | Jun 14, 2023 | Tax Planning
Or, how to use a Private Placement in Your Self Directed IRA to fund your business with retirement savings and pay no tax! You’ve worked at a job for the past 15 years and want more from your career. Starting your own business is typically the next step. How...
by jerry.chyo@gmail.com | Jun 5, 2023 | Tax Planning, Tax Preparation
We all drive. Almost everyone who is self employed will have to use their car for business. How do you write off your car? Let’s take a look at what you can and cannot deduct when it comes to your vehicles. When it comes to auto deductions for self...
