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2023 Tax- Saving Tips
New FinCEN Filings Go into Effect on January 1 For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January...
Dec 19, 20234 min read


SECURE 2.0 Adds New Escapes from the 10% Early Withdrawal Penalty
Ordinarily, you must pay a 10% penalty when you withdraw your money from an IRA or other retirement account before you reach age 59 1/2....
Mar 1, 20235 min read


2022 Gala & Awards Dinner!
Congratulations to our President and Founder, Richard Augustine, for receiving the 2022 Humanitarian Award! This award is a testament to...
Nov 4, 20221 min read


How to Deduct the Costs of Thinking about Starting a New Business
Are you thinking about starting a new business? If so, congratulations. We know it can, and probably will, be an exciting ride. But like...
Apr 11, 20225 min read


Deduct 100 Percent of Your Business Meals under New Rules
As you know, we try to find multiple ways for you to legally deduct 100% of your business meal expenses versus the typical 50% Now,...
May 1, 20216 min read


COVID-19: Tax Brief and Relief Provisions
As your business partner, R.J. Augustine is constantly monitoring the evolving situation of Covid-19. Governor Pritzker issued a Shelter...
Mar 26, 20201 min read


Tax Saving Tips!
What's the difference between a Roth IRA and a Traditional IRA? Did you know that you can receive tax deductions off business meals?...
Aug 1, 20196 min read


Creating More Business Meal Tax Deductions After the TCJA
Here's good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the "directly related and associated with" requirements...
Aug 1, 20193 min read


When the Second Office in the Home Is a Principal Place of Business
When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification...
Mar 1, 20193 min read


Are You Cheating Yourself by Using IRS Mileage Rates?
Suppose that, during May 2017, you buy a new $50,000 SUV that qualifies for both Section 179 expensing and bonus depreciation. You drive...
May 1, 20173 min read


Get Money Back When You Hire Your Kids to Work in Your LLC or Sole Proprietorship
Estimated tax tip savings. Pay your child $8,000, for example, to work in your LLC or sole proprietorship and you could save $3,042. Your...
Mar 1, 20154 min read
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