Author Archives: cpeneguy

Leveraging the Qualified Business Income Deduction (QBI) for Small Businesses and Sole Proprietors

Strategies for Small Businesses and Sole Proprietors to Save Money on Taxes -Part 3 of 10 The Qualified Business Income (QBI) deduction, courtesy of the Tax Cuts and Jobs Act (TCJA) of 2017, is a massive tax-saving opportunity for small businesses and sole proprietors. If you qualify, this deduction can shave up to 20% off […]

Retirement Contributions for Small Businesses and Sole Proprietors: Your Guide to Tax-Saving Opportunities

Strategies for Small Businesses and Sole Proprietors to Save Money on Taxes -Part 2 of 10 Running a small business or working as a sole proprietor means you’re often focused on the here and now—day-to-day operations, keeping cash flow steady, and getting through the next quarter. But if you’re not thinking about retirement planning, you’re […]