Can You Get a Tax Break for Hiring Your Child in Your Business? If you own a business and have a child who's old enough to perform legitimate work for it, putting your child on the payroll can create an interesting tax-planning opportunity. Instead of giving your child money from your after-tax income, you may...Continue reading
Tag: Cleveland Tax Consultant
Will the IRS Pay Your Attorney Fees If You Win a Tax Dispute?
Will the IRS Pay Your Attorney Fees If You Win a Tax Dispute? You disagreed with the IRS. You hired a tax professional or attorney, spent months fighting the issue and ultimately proved that your position was correct. Now there's another question: Can you make the IRS pay the professional fees you incurred fighting them?...Continue reading
Can a Business Owner Claim the Paid Family Leave Tax Credit?
Can Business Owners Claim the Paid Family Leave Tax Credit? If you own a business and provide paid family or medical leave to employees, there's a federal tax credit you may be overlooking. And beginning in 2026, there's an even more interesting question: Can you claim the Paid Family Leave Tax Credit when the person...Continue reading
Can I Deduct Health Insurance if I’m Self-Employed?
Can You Take the Self-Employed Health Insurance Deduction? If you're self-employed and pay for your own health insurance, you may have access to a valuable tax deduction. (How Do Owners of S Corporations Deduct Their Health Insurance?) The self-employed health insurance deduction can reduce your adjusted gross income dollar for dollar. You don't have to...Continue reading
S Corporation QBI Deduction: Can an S Corp Save You More?
Can an S Corporation Increase Your QBI Deduction? If you're a successful sole proprietor, you may already have heard one of the most common pieces of small-business tax advice: "You should consider becoming an S corporation." Usually, that conversation focuses on potentially reducing self-employment taxes. But for some higher-income business owners, there may be another...Continue reading
Do I Need a Separate Room for the Home Office Deduction?
When you hear the words "home office deduction," what do you picture? Probably a spare bedroom with a desk, computer, filing cabinets and a door you can close. But what if you don't have a spare bedroom? Maybe you live in an apartment, condo or smaller house where every room already has a purpose. Does...Continue reading
How Does the QBI Deduction Work If I Own Multiple Businesses?
If you own one business, calculating your Qualified Business Income (QBI) deduction can already get complicated. Own two or three businesses? Now you have another question: Does the IRS calculate the QBI deduction separately for each business, or can you combine them? The answer can potentially make a significant difference in your tax bill. Section...Continue reading
Can My Spouse Use My Home Office?
Can My Spouse Use My Home Office and Still Qualify for the Deduction? You have a legitimate home office that you use to run your business. Then your spouse sits down at your desk to pay some personal bills. Or maybe your spouse works from home occasionally and uses your office. Perhaps you have a...Continue reading
Your Trusted Cleveland Tax Consultant: Expert Guidance for Businesses & Individuals
Tax season can be daunting—but you don’t have to go through it alone. In Cleveland, an Enrolled Agent brings unmatched expertise in tax planning, preparation, and IRS representation. Ken Weinberg, founder of Cleveland Tax Consultant, is federally licensed, local-focused, and committed to safeguarding your financial interests through precise, strategic, and compliant tax services. Why Hire a Cleveland Tax...Continue reading
