7 Smart Tax Strategies Every Business Owner Should Be Using
At Pocket CPA, we know the tax code is full of opportunities and loopholes — if you know where to look. Most business owners and high-income earners leave money on the table every year. These strategies show you how to legally minimize taxes and maximize after-tax wealth. 1. Optimize Entity Structure (LLC vs. S-Corp vs. […]
6 Little-Known Ways to Save on Taxes as a Consulting Business Owner
Running a consulting business can be both rewarding and demanding—but one challenge that often surprises business owners is just how much of their income goes to taxes. While most consultants know about standard deductions like home office expenses or mileage, there are several high-level tax strategies that can dramatically reduce taxable income when implemented properly […]
The One Big Beautiful Bill Act (OBBBA)
2025 Tax Changes Every Business and Individual Should Know What Is the One Big Beautiful Bill Act?The One Big Beautiful Bill Act (OBBBA) is a sweeping tax reform package introducing permanent tax rate reductions, higher standard deductions, expanded credits, and generous business expensing rules. While it offers significant tax relief, it also adds layers of […]
OBBB Senate Tax Bill
Senate Tax Bill: What You Need To Know About The Latest Version of the “One Big Beautiful Bill” On June 16, 2025, the Senate released its much-anticipated version of the One Big Beautiful Bill Act (OBBBA)—a sweeping tax package that significantly revises the House- approved version. This latest proposal introduces bold changes to individual and […]
Real Estate Professional Status: Unlock Massive Tax Breaks
Thinking about turning your real estate hustle into serious tax savings? If you qualify as a Real Estate Professional, you could unlock one of the most powerful tax strategies available to taxpayers. But make no mistake—the IRS has strict rules, and you’ll need to pass two major tests to earn the status. Let’s break it […]
S Corporations: The Smart Tax Strategy Every Business Owner Should Know
If you’re a business owner tired of watching your hard-earned money disappear to taxes, it might be time to explore one of the most powerful tax-saving tools out there: the S Corporation. At Pocket CPA, we help entrepreneurs like yourself utilize the tax code to your advantage— and the S Corp election is one of our […]