JULY 2017 MONOTELO QUARTERLY AVOID THE HEADACHES and Penalties Associated with 1099 Reporting When a small business hires an employee, there are a number of expenses that are incurred in addition to the hourly wage. This could include the employer-provided benefits, office space, along with the technology and other tools required to do the job. The employer will also have to make required payments and contributions on behalf of employees, including: The employer's share of the employee's Social Security and Medicare taxes, which totals 7.65% of the employee's compensation State unemployment compensation Workers' compensation insurance Depending upon the industry, the additional contributions could increase your payroll costs by 20% to 30% - or more. You can avoid these expenses by hiring an independent contractor to do the same work. The additional contributions could increase your payroll costs by 20% to 30% - or more. However, there are certain requirements that must be followed in order to avoid the headaches and penalties associated with 1099 reporting. WHAT AND WHEN DO I HAVE TO FILE? Businesses are required to report all income to the IRS for its employees and any independent contractors. For employees, a W-2 is required to be filed. Independent contractors on the other hand, get a little more complex. To make matters worse, congress recently passed the Path Act, and moved up the filing deadline for W-2's and certain 1099's. The required date to provide W-2's and 1099's to employees and independent contractors is January 31. The deadline for submitting these forms to the government is also January 31. THREE STRATEGIES TO AVOID 1099 HEADACHES The easiest way to avoid the penalties, and filing headaches caused by issuing 1099's to independent contractors is to structure your business activities to minimize the number you must issue, and prepare them in advance, if you do have to issue them. STRATEGY #1: Choose contractors that operate as corporations. Your business is not required to issue 1099's for payments made to corporations, S corporations, or LLC's that elect corporate status for tax purposes (unless the corporation collects attorney fees or payments for health and medical services). STRATEGY #2: Make payments to independent contractors with a credit card, or a third-party payment network like PayPal. Shift the burden of reporting this income to the credit card company or the third-party network. They are required to report the payments on Form 1099-K. STRATEGY #3: Require the independent contractor to provide you with a W-9 upfront before making any payments to them. Here are the benefits: You will know if a 1099 filing is required, because their business type is disclosed on the W-9. You will know whether an LLC is classified as a corporation for federal tax purposes, and excluded from 1099 reporting. By getting the W-9 upfront, it eliminates the need to chase the contractor down for the required information if you need to file a 1099. Once the contractor is paid, your leverage for getting the information is gone. If an independent contractor refuses to provide you with a taxpayer identification number (TIN), and you pay the contractor more than $600 during the calendar year, then you are required to withhold federal income tax on payments made to that contractor. If you do not withhold, your business owes the tax, and it is on you to prove the contractor paid the tax. January 2017 Save as PDF October 2017

SMALL BUSINESS TIPS DEDUCT YOUR MEDICAL EXPENSES BY HIRING YOUR SPOUSE What Business Types Qualify? This option is available to you if you operate your business as one of the following: A sole proprietorship A partnership (provided your spouse is not a partner in the business) An LLC taxed as a sole proprietorship or partnership A real estate rental business A farm business If your business is organized as an S-Corporation than this option will not be available to you. While insurance premiums and out-of-pocket medical expenses can be deducted as itemized deductions , the limitations placed on those deductions make it difficult to realize any actual benefit. However, if you operate your own business, you may be able to get around these limitations by hiring your spouse and paying them through tax-free fringe benefits, including reimbursing them for medical expenses and insurance premiums. How Does This Work? Hire Your Spouse: Your spouse needs to be operating as a real employee for the business, performing services at your direction that benefit the business. Your spouse should not be a co-owner of the business and should not have any title in the business assets or control over the business bank account. To substantiate their role as an employee your spouse should keep a timesheet to document the hours that they worked and the tasks that they completed. Don’t Pay Cash Wages: If you pay your spouse cash wages for working in your business you are simply moving money around without creating any tax savings. In fact, you are likely increasing your tax burden by converting qualified business income to non-qualified wage income. Instead of paying them cash wages you can compensate them through tax-free employee benefits which can provide you with a sizeable tax break and avoid the need to file payroll tax returns. Establish a Medical Reimbursement Arrangement: A medical reimbursement arrangement allows you to compensate your spouse for their work by reimbursing out-of-pocket medical expenses and health insurance premiums. This provides the business with tax-deductible compensation expenses and tax-free income to your spouse. If your spouse is your only employee, you can easily establish a 105-HRA plan to reimburse them for their medical expenses by signing an agreement between yourself and your spouse. If you have additional employees you will need to establish an ICHRA plan, which has additional requirements. If you have multiple employees and want to establish a medical reimbursement arrangement, please reach out to us for more guidance. To qualify the insurance premiums for reimbursement your spouse should purchase a health insurance plan in their name that covers the entire family (including you). Then you, as the employer, reimburse your spouse for the premiums. The reimbursement arrangement can also be used to reimburse your spouse for any out-of-pocket expenses that the insurance doesn’t cover, including deductibles, copays, and prescriptions for your entire family. Pay a Reasonable Amount: To make sure the employee benefits you pay your spouse can withstand IRS scrutiny, make sure that the amount they are compensated is reasonable for the work that they are performing. A good rule of thumb is not to compensate your spouse more than you would compensate someone else for those same services. Consider Other Fringe Benefits: While health insurance and medical expenses are typically the largest items you can provide to your spouse as employee benefits, there are other benefits that you may also be able to provide: Education. You can reimburse your spouse for job-related education expenses Life Insurance. You can provide your employees with up to $50,000 in group term life insurance coverage Working Condition Fringe Benefits. You can reimburse your spouse employee for expenses that help them do their job. For example, you can reimburse the cost of a cell phone they use for work and they are not required to track how much of their phone use is for business. Summary Hiring your spouse to work for your business can provide some meaningful tax benefits by allowing you to deduct personal expenses that otherwise would not be deductible. To qualify for these deductions, you need to follow some simple guidelines: make sure your spouse is operating as your bona fide employee establish a formal medical reimbursement arrangement compensate fairly for the services provided If you would like assistance establishing a medical reimbursement plan for your spouse or other employees, please give us a call.

A Better Way Our Services Retirement Planning Testimonials Our Team Providing Successful Real Estate Agents With A Proven Path To Reducing Tax Liability. Proactive Tax & Accounting Services That Help You Keep More Of What You Earn Click Here To Schedule Your Free Consultation Now! To Top Anchor 1 A Better Way To Secure Your Financial Future Let us help you keep a higher percentage of your commission. Why Monotelo We will help you keep more of your hard-earned commissions. At Monotelo, we guarantee to save you more on your taxes than what you spend with our firm. How we work with agents We start every new client conversation with a tax discussion. From there, we customize the strategies to your unique situation to maximize your tax savings . Tax tips and Strategies The new tax code radically impacted your tax situation. We continually invest in our education so that when changes happen, we're ready to meet the challenge. White Papers Real world examples of our clients saving between $6,000 and $15,000 per year . White Papers are available to you upon request during your free consultation. Schedule Your Free Consultation Now! To Top Anchor 2 The Tax Planning Services You Deserve Your Tax Savings Come From Our Strategic Advice. Tax Savings Strategies Tax savings for small business owners goes way beyond a simple home office deduction, personal car miles and cell phone bills. Monotelo's tax savings strategies are designed to capture the intersection between the federal tax code and your unique situation as a small business owner. Market Compensation Most S-Corp owners are aware of the tax benefits of separating wage income from S-corp profits, but expose themselves when they fail to address IRS fair market compensation requirements. The Monotelo process is designed to audit-proof your owners' compensation while minimizing your tax liability. Entity Selection Process Your choice of entity matters. LLC, S-Corp, C-Corp, Sole Proprietorship, LLP all have different tax implications; and the best entity structure for your business depends on your unique personal financial situation. Monotelo can help you determine the tax deduction advantages and disadvantages of each option. Entity Structuring When buying or starting a business, one of the first things to consider is the legal form you will use to own and operate the business. Once the ideal entity structure has been identified, Monotelo can help you get your entity in place and equip you to operate within compliance of state and federal regulations. Schedule Your Free Consultation With A Tax Expert Who Can Help You in 2019! To Top Anchor 3 Allocating Your Tax Savings To Create Growth The Tax Cuts and Jobs Act Enacted in January of 2018 shifted the Retirement Planning landscape. The Tax Cuts and Jobs Act radically shifted the Retirement Planning Landscape. Are you taking advantage of the new opportunities? The new tax law instituted several significant changes to the individual income tax, including reforms to itemized deductions, the alternative minimum tax and lower marginal tax rates across brackets. These changes radically impact how small business owners should be preparing for retirement. If your financial plan was put in place prior to December of 2017 you are likely missing out. Don't Procrastinate! Schedule Today! To Top Anchor 4 Hear from other Real Estate Professionals just like You Lisa - Milwaukee, Wisconsin Top 1% of all Wisconsin Agents “I worked all those years with my last CPA, and he helped write off my expenses, but I’ve never had anyone who could help me save money on my taxes the way Monotelo Advisors has for me. I would recommend Monotelo to anyone in the real estate business.” Reggie - Southern Illinois Top 1% of all Illinois Agents "I probably tell five people a week: 'If you want to save money and protect your assets, call Monotelo. If not, keep doing what you're doing.' Monotelo is great at tax planning, and if you are not working with them, you are throwing money away." Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row Rick - Re/Max Broker-Owner Re/Max Catalyst Recognition 8 Years in a Row "I tell my highest producing agents: 'You've got to do better with the money you are making.' Then I tell them to go and talk to Monotelo. We care about all aspects of our agent's business - that's why we brought Monotelo out to speak to all of our high-producing agents." Schedule Now! To Top Anchor 5 Meet Your New Team Jim Richter Tax Planning Expert Jim brings 20+ years of experience in the financial services industry to Monotelo Advisors. Prior to founding Monotelo, Jim spent 7 years as a Managing Director and Partner at PT Asset Management, a $1.7 billion alternative asset manager in Chicago. Prior to his time at PTAM Jim spent 9 years as a fixed income specialist in the banking industry. Jim is a Chartered Alternative Investment Analyst with a degree in Finance from the University of Illinois – Chicago. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Treasury. Gavin Tabb Tax Planning Expert In addition to providing our small business clients with seamless payroll and bookkeeping services, Gavin supports our tax research that drives the strategies our clients employ to save on their federal and state income tax liabilities. Gavin has a Bachelor’s degree in accounting from Northern Illinois University. He is an Enrolled Agent, a federally authorized tax practitioner empowered by the US Department of the Treasury to represent taxpayers before the Internal Revenue Service. Gavin is also an Intuit QuickBooks Certified User. Marianne Richter Engagement Manager Marianne is responsible for ensuring that Monotelo delivers a high level of customer service and exceeds the expectations of our small business relationships. Marianne brings 13+ years of diversified training and marketing experience in the consumer goods industry to Monotelo. With a bachelor's degree in marketing, Marianne worked in senior management roles at Kraft Foods for more than a decade. She had national profit and loss responsibility and was responsible for training their national sales teams. To Top Anchor 6 2250 Point Boulevard / Suite 230 Elgin, IL 60123 Office Hours Monday - Friday: 8:00 AM - 5:00 PM CST 800-961-0298 CONNECT WITH US ON SOCIAL MEDIA Schedule Your Free Consultation Now!

1 2 If you hold shares of a mutual fund in a taxable investment account (taxable meaning not held in an IRA or other “deferred” investment account), then you will receive distributions from this fund in the form of interest, dividends or capital gains. These distributions are likely automatically reinvested into more shares immediately after they are received. While this can help you keep your money productive, it can also create a number of tax consequences when these funds are not held in tax-deferred accounts. Save as PDF TAX CONSEQUENCES of Reinvesting Your Mutual Fund Taxes on Reinvested Distributions When these funds are held in a taxable account, you will pay taxes on the interest, dividends or capital gains in the year that you receive them, even if they are immediately reinvested back into the fund. This can come as a surprise to some taxpayers who think they shouldn’t owe any taxes since they never pulled the money out of the account. Disallowed Losses When a fund that you hold shares in has declined significantly in value you may sell those shares to prevent any further decline in value as well as to realize a tax deduction for your losses. However, if the proceeds are automatically reinvested back into the fund you may cost yourself the tax deduction for those losses due to the IRS “wash sale” rule. This rule states that when you purchase “substantially identical” shares within 30 days before or after the loss sale, your deduction will be reduced by the amount of purchases made within the window. If you plan to sell shares of a fund to realize a loss, make sure the proceeds are not automatically reinvested in a similar fund within 30 days. Records Nightmare from Long-Held Stock When you sell shares of a fund you need to report the original purchase price in order to reduce the taxable gain on the sale. If you only held the shares for a few months or a few years, then this likely is not a cause for concern. The fund company should know exactly when you purchased the shares and how much you paid. However, if you purchased the shares many years or even decades ago, you could find yourself making countless phone calls and digging through old records to try and determine your basis in the shares. Worse, if you cannot find your original purchase price the IRS will set it at zero and you will owe capital gains taxes on the entire sale. Reinvesting at the Top You are likely to receive more distributions from a mutual fund after the fund has a profitable year. If your distributions are set to be reinvested automatically this can lead to you routinely buying more shares at their highest price and fewer at their lowest price. In these situations, it may be more advantageous to manually invest the distributions in other funds that are not at their peak price. Summary Automatically reinvesting your earnings from mutual funds is an efficient way to keep your money active in the market without requiring your constant supervision. However, it can also create some unforeseen tax consequences at the end of the year if those funds are not held in a tax deferred account such as an IRA. Being aware of these potential tax consequences and monitoring your investment account throughout the year can help you avoid surprises and headaches when you file your taxes at the end of the year. Read more articles Share Failing to order your affairs to minimize your tax burden could cost you significant money - so don't wait to take action. If you have additional questions or need some planning help, please reach out to us.

PRIVACY POLICY This Privacy Policy governs the manner in which Monotelo Advisors collects, uses, maintains and discloses information collected from users (each, a “User”) of the monotelo.com website (“Site”). This privacy policy applies to the Site and all services offered by Monotelo Advisors. PERSONAL IDENTIFICATION INFORMATION We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users visit our site, register on the site, subscribe to the newsletter and in connection with other activities, services, features or resources we make available on our Site. Users may be asked for, as appropriate, name, email address, mailing address, phone number, etc. Users may, however, visit our Site anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personal identification information, except that it may prevent them from engaging in certain Site related activities. NON-PERSONAL IDENTIFICATION INFORMATION We may collect non-personal identification information about Users whenever they interact with our Site. Non-personal identification information may include the browser name, the type of computer and technical information about Users means of connection to our Site, such as the operating system and the Internet service provider’s utilized and other similar information. WEB BROWSER COOKIES Our Site may use “cookies” to enhance User experience. User’s web browser places cookies on their hard drive for record-keeping purposes and sometimes to track information about them. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, note that some parts of the Site may not function properly. HOW WE USE COLLECTED INFORMATION Monotelo Advisors collects and uses Users personal information for the following purposes: To improve customer service. Your information helps us to more effectively respond to your customer service requests and support needs. To improve our Site. We continually strive to improve our website offerings based on the information and feedback we receive from you. To administer a content, promotion, survey or other Site feature. To send Users information they agreed to receive about topics we think will be of interest to them. To send periodic emails The email address Users provide may be used to respond to their inquiries, and/or other requests or questions. If User decides to opt-in to our mailing list, they will receive emails that may include company news, updates, related service information, etc. If at any time the User would like to unsubscribe from receiving future emails, we include detailed unsubscribe instructions at the bottom of each email or User may contact us via our Site. HOW WE PROTECT YOUR INFORMATION We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorized access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Site. Sensitive and private data exchange between the Site and its Users happens over a SSL secured communication channel and is encrypted and protected with digital signatures. SHARING YOUR PERSONAL INFORMATION We do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above. We may use third party service providers to help us operate our business and the Site or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes provided that you have given us your permission. CHANGES TO THIS PRIVACY POLICY Monotelo Advisors has the discretion to update this privacy policy at any time. When we do, the revised date will be added at the bottom of this page. We encourage Users to frequently check this page for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and become aware of modifications. YOUR ACCEPTANCE OF THESE TERMS By using this Site, you signify your acceptance of this policy and terms of service. If you do not agree to this policy, please do not use our Site. Your continued use of the Site following the posting of changes to this policy will be deemed your acceptance of those changes. CONTACTING US If you have any questions about this Privacy Policy, the practices of this site, or your dealings with this site, please contact us at: Monotelo Advisors www.monotelo.com info@monotelo.com

Monotelo Advisors Inc Tax Planning Engagement Letter Heading 1 Thank you for choosing Monotelo to assist you with your tax planning needs. Tax planning is a strategic approach to managing finances that aims to minimize tax liability and maximize savings. By organizing income, expenses, investments, and expenditures efficiently, individuals and businesses can take full advantage of tax benefits, deductions, and credits. Effective tax planning not only reduces the amount of taxes owed but also contributes to better financial health by freeing up resources for savings, investments, and future growth. This engagement letter outlines the scope of our services, your responsibilities, and our commitment to providing you with accurate and timely solutions. By agreeing to this letter, you authorize Monotelo to prepare a tax plan that will help to reduce your short-term and lifetime tax liability. We look forward to working with you to ensure that you retain more of your hard-earned money.

WHAT WILL HAPPEN When Social Security Runs Out? At the end of August 2021, a new report was released that showed Social Security is projected to run out of money in 2033, one year earlier than previous calculations. With that deadline only 12 years away it is likely to impact everyone who is not already enrolled in Social Security as well as many who are. What will happen when the fund runs out? You may have heard that benefits will stop being paid once the fund runs out, but that is not likely to happen. We have laid out some of the changes that are likely to be made to Social Security over the next 12 years or after the fund runs out around 2033. Reduced Benefits If no changes are made before the fund runs out, the most likely result will be a reduction in the benefits that are paid out. If the only funds available to Social Security in 2033 are the current wage taxes being paid in, the administration would still be able to pay around 75% of promised benefits. While a 25% reduction in benefits could significantly hurt the retirement plans of those who are relying on their Social Security benefits, it is far less damaging than the program being shut down entirely. With the potential for benefits to be reduced, some retirees may be tempted to apply for their benefits early to receive as much as they can before the fund runs out. However, if you start taking your benefits as soon as allowed, they will be reduced to 70% of your full-retirement age benefit. Comparing this to the 75% that could be received even after the fund runs out, you would still be hurting your retirement by applying early. Increased Wage Taxes To avoid benefit reductions, congress may vote to increase the Social Security taxes charged on employee wages. If the increase were put in place immediately, the employee portion of the tax would need to increase from 6.2% to 8%. This would represent an additional $900 in taxes paid annually for an employee making $50,000 per year. Another proposal in wage taxes that has become popular in recent years is an additional tax on high earners. Rather than increasing the social security tax of 6.2% on all payers, this would implement a new tax on wage income above $400,000 to help stabilize the social security fund. Increased Full Retirement Age Even if the fund does not run out, the full retirement age needed to receive your full Social Security benefit is likely to go up in the future as life expectancies increase. Since the Social Security program was first started the average life expectancy has increased 7 years and yet the full age retirement for Social Security has only increased 2 years. As the fund begins to run out, it is likely that the full retirement age will be raised even further, along with harsher benefit cuts for those who apply early. Summary While Social Security benefits are unlikely to be completely eliminated 12 years from now, there is a strong possibility that they will be reduced significantly if revenues are not increased in the next few years. To make sure that your retirement plan is secure, you should analyze your retirement income stream under the assumption that your Social Security benefits will be reduced and determine what changes need to be made if that happens. Schedule a Meeting to Learn More Failing to order your affairs to minimize your tax burden could cost you significant money - so don't wait to take action. If you have additional questions or need some planning help, please reach out to us.

WHITE PAPER INTRODUCTION Realtor Sam, while a real person, is not the actual name of this real estate agent. We have changed the name to protect the innocent! The Realtor Sam case is a case we examined in 2015, which had similarities to cases that had come across our desk in the past. Realtor Sam had been in the real estate business for nearly twenty years. He was not only selling real estate, he also owned several residential properties that were generating significant cash flow and taxable income. Realtor Sam had incorporated his commission-based business as a C-Corp ten years prior to our interaction with him. Apart from a bad year in 2013, his gross commissions were generally around ninety-five thousand dollars per year and his commission-based business was generating around forty-thousand per year in free cash flow after all his expenses were paid. What made Realtor Sam’s case unique was the fact that his investment properties were generating significantly more income than his commission-based business. THE CHALLENGE By incorporating his commission-based business, Realtor Sam had taken the first step towards a tax-efficient business structure. However, there were additional steps he should have taken when he first set up his business ten years earlier. Because of the way Realtor Sam had structured his compensation from his C-Corporation for his commission-based income, he was regularly generating losses on his corporate tax returns. Worse, because he was set up as a C-Corporation, those losses could not be used to offset the income he was generating from his rental properties. These issues were causing Realtor Sam to significantly overpay on his tax returns every year. THE SOLUTION Fortunately, we were able to put a plan together for Realtor Sam to help get him back on track. Our first goal was to take advantage of the accumulated losses on his corporate tax return. To accomplish this, we made some adjustments to how he was compensating himself through the business. Our second goal was to help him efficiently pull profits out of his business by taking advantage of some provisions in the Internal Revenue Code that were available to him as an officer of a corporation. These changes reduced his tax bill in the first year by $9,000 and by $5,500 in each of the subsequent years. These results were beyond what we had expected, and beyond what we generally see for someone with Realtor Sam’s taxable income, but they do demonstrate what can happen when we apply a deep understanding of the tax code as it relates to real-estate centered businesses. At Monotelo our focus is more than tax preparation, it is to make a difference with actionable and meaningful financial solutions that positively impact our clients’ lives. Save as PDF More White Papers WLW: Win One, Lose One, Win One CWS: Could-A-Would-A-Should-A SOO: Starting Over, And Over

Learn More Getting started with Monotelo Advisors As a public servant, we know that there are unique deductions available to you that most accountants and tax software fail to capture. That is why we start all of our public servant clients with a no-cost, no-obligation review of their last three tax returns. We have found that we can typically recover $800-$1,500 per year. To get started with your tax review you can upload your 2015, 2016, and 2017 tax returns using the link below. Upload Your 2015-2017 Tax Returns

TAX IMPACT OF THE PAYCHECK PROTECTION PROGRAM Small businesses that have their Paycheck Protection Program loans forgiven are likely to lose the deduction on their PPP expenses according to new guidance from the Internal Revenue Service. The wage and business expenses that companies use to qualify for loan forgiveness will not be deductible according to an IRS notice published last Thursday. “This treatment prevents a double tax benefit,” the agency said in the notice. “This conclusion is consistent with prior guidance of the IRS.” The new guidance clarifies a point of confusion in the $670 billion small business loan program to help businesses struggling from the shutdowns caused by the coronavirus. The law states that the forgiven loan will not be taxed as debt forgiveness, but it did not specify whether companies could write off the expenses they covered with the stimulus money. The tax code permits companies to write off business expenses, such as wages, rent and transportation expenses, but generally doesn’t allow write-offs for tax-exempt income. While the ruling adds to the list of challenges that businesses face, it is reasonable for the IRS to tell small businesses that they can’t write off expenses on income that was never taxed in the first place (no double-dip!). It is possible that the deduction for these PPP expenses could be reinstated. Since the IRS issued the notice several senators have spoken out against it stating that it is contrary to the intent of the PPP and that a fix could come in subsequent legislation. However, until such legislation is passed, be aware that you will not be able to deduct any expenses covered with funds from a forgiven PPP loan. Small businesses have reported numerous issues in trying to apply for the funds, which restarted last Monday after the initial round of funding ran out after just 13 days. Round 2 of the program, run by the Small Business Administration, provides funds to cover eight weeks of payroll costs. It is designed to encourage companies to keep their people away from the unemployment line, and fully engaged in the workforce.

SMALL BUSINESS TIPS Deduct Your Medical Expenses by Hiring Your Spouse Deducting 100% of Your Business Meals New Provisions for the Paycheck Protection Program Pandemic Provision for Tax-Free Payments to Your Employees How to Get Forgiveness of Your Paycheck Protection Loan Tax Impact of the Paycheck Protection Program Economic Relief From The Small Business Administration Deducting Your Business Travel Five Year-End Business Deductions Avoid Taxes On Your Reimbursed Employee Expenses How Will Your Real-Estate Sale Be Taxed? Putting Your Self-Employment Income Away for Retirement Deducting the Business Use of Your Vehicle How to Deduct Your Vacation Travel as a Business Expense Staying Out of the "Danger Zone" of the New Small-Business Deduction New Deduction for Pass-Through Businesses Unlocking the Missed Deductions of a Home Office Avoid the Headaches and Penalties Associated with 1099 Reporting Providing Healthcare Coverage to Your Employees What is the Best Business Structure for You? Are You Protecting Yourself From Your Corporate Income?