Episode 127 – How the Federal Government is incentivizing you to have employees

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You might be shocked to learn this. The government loves when you hire employees. It has many benefits for them and the people you work with. They love it so much, in the tax law that past called Tax Cuts and Jobs Act of 2017, they created a special tax deduction to help make sure that your business pays out wages once it becomes profitable.

Join Kristin and Jeff as they look at this new tax deduction, That can reduce your small biz profits by 20%.  However, beware if you do not have wages and you make 1 dollar too much... It can cost you the entire deduction.

  • How the government is incentivizing you because of tax reform of 2017
  • Deduction tipping point based on all income sources in the household
    • $157,500 if you are not married
    • $315,000 if you are married
  • If your business profit is $100,000 you may get a $20,000 tax deduction
    • Does not...
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Episode 122 - 2018 small biz tax questions asked and answered

Listen to the show on iTunes, Stitcher, YouTube, Google Play Music, iHeart Radio, or with the player above.


As a business owner, no one knows your business better than you do. That's why you need to know the basics of income taxes. 

I know. I know.

It's annoying.

It's complicated. 

It's worse than a root canal.

So is paying too much in taxes because you don't know the rules. Yeah, that hurts, too. 

Spend some time with Jeff and Kristin as we answer questions from small business owners. Some of the questions include:

  • How do I do my own taxes without standing up and whacking my head against the wall repeatedly until the pain stops?
  • LLC, sole proprietorship, partnership, S-Corporation, or C-Corporation?
  • Can I deduct my car?
  • Can I extend if I owe money?
  • Will I get audited if I claim my home office?
  • Can I claim a deduction for business-related entertainment?
  • I'm planning on taking a trip to trade show. Can I bring my family along for a vacation and still deduct my...
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