Profit Wise Blog2026-08-19T16:27:51-05:00

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We believe accounting should help people build better businesses. Learn how to build a better business through guidance we post on the blog.

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602, 2026

Hire Your Family: Smart Strategies for Family Employment in Your Business

February 6, 2026|Categories: Accounting|Comments Off on Hire Your Family: Smart Strategies for Family Employment in Your Business

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Smart Strategies for Family Employment in Your Business Hire your Family-Smart Strategies for Family Employment in Your Business - Hire Your Family- Smart Strategies for Family Employment in Your Business Many business owners wonder if they should hire family members—and if [...]

602, 2026

The IRS sees far more than most taxpayers realize

February 6, 2026|Categories: Accounting|Comments Off on The IRS sees far more than most taxpayers realize

Unleash Your Sales Potential - Multiply opportunities, Amplify Results sees far more than most taxpayers realize The IRS sees far more than most taxpayers realize - Most taxpayers don’t realize how much the IRS can actually see. The IRS sees far more than most taxpayers realize, mainly [...]

1401, 2026

Pest Control Business Tax Planning | Tax Strategies & Power Moves

January 14, 2026|Categories: Accounting|Comments Off on Pest Control Business Tax Planning | Tax Strategies & Power Moves

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Make Tax Planning Your Next Power Move Pest Control Businesses - Make Tax Planning Your Next Power Move - Pest control business tax planning Make Tax Planning Your Next Power Move for your Pest Control Business Stop Overpaying: Make [...]

1401, 2026

Reasonable Compensation for S Corp Owners (IRS Rules & Examples)

January 14, 2026|Categories: Accounting|Comments Off on Reasonable Compensation for S Corp Owners (IRS Rules & Examples)

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Determining Reasonable Compensation for S Corporations Determining Reasonable Compensation for S Corporations One of the most important—and often misunderstood—requirements for S Corporation owners is the obligation to pay themselves “reasonable compensation” for services performed. Failing to do so can [...]

1401, 2026

IRS Priorities for 2026: What the IRS Is Looking For & What You Should Know

January 14, 2026|Categories: Accounting|Comments Off on IRS Priorities for 2026: What the IRS Is Looking For & What You Should Know

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Red Flags, Audits, and How to Stay Compliant What the IRS Is Looking for in 2026: Red Flags, Audits, and How to Stay Compliant 👉 IRS priorities for 2026:Red Flags, Audits, and How to Stay Compliant The IRS has made [...]

1201, 2026

How Vehicle Expenses Should Be Handled in an S Corporation (Personal Vehicle Guide)

January 12, 2026|Categories: Accounting|Comments Off on How Vehicle Expenses Should Be Handled in an S Corporation (Personal Vehicle Guide)

Unleash Your Sales Potential - Multiply opportunities, Amplify Results in an S-Corporation for a Personal Vehicle This document explains the correct handling of vehicle expenses when a shareholder or employee uses a personally owned vehicle for business purposes within an S-Corporation. how vehicle expenses are handled in an S [...]

1201, 2026

S Corporation Accountable Plan Home Office Deduction | IRS Rules & Benefits

January 12, 2026|Categories: Accounting|Comments Off on S Corporation Accountable Plan Home Office Deduction | IRS Rules & Benefits

Unleash Your Sales Potential - Multiply opportunities, Amplify Results to Deduct Home Office Expense S Corporation Can Use Accountable Plan to Deduct Home Office Expense 👉 S corporation accountable plan home office deduction Running your business as an S Corporation offers several tax-saving opportunities, and one of [...]

2912, 2025

Avoid Fines With Subcontractors: IRS Compliance & Reporting Guide

December 29, 2025|Categories: Accounting|Comments Off on Avoid Fines With Subcontractors: IRS Compliance & Reporting Guide

Unleash Your Sales Potential - Multiply opportunities, Amplify Results How To Classify and Set Up Subcontractors the Right Way How To Classify and Set Up Subcontractors the Right Way Avoid Fines:  How To Classify and Set Up Subcontractors the Right Way. Practical steps to protect your business, pay people [...]

2912, 2025

Tax-Smart Moves

December 29, 2025|Categories: Accounting|Comments Off on Tax-Smart Moves

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Fill Your Tax-Free & Tax-Deferred Buckets Tax-Smart Moves: Fill Your Tax-Free & Tax-Deferred Buckets/ If you want an easier tax win, start by shifting the money you already earn into accounts the IRS rewards — instead of letting all [...]

2312, 2025

Make Tax Planning Your Next Power Move

December 23, 2025|Categories: Accounting|Comments Off on Make Tax Planning Your Next Power Move

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Not a Fire Dril Filing, compliance, reporting today- Keeps you compliant Tomorrow!    Strategic planning, legal minimization: Keeps more in your pocket! Business owners lose money year after year because they treat tax planning like a fire drill- [...]

1712, 2025

Creating an S Corporation Entity

December 17, 2025|Categories: Accounting|Comments Off on Creating an S Corporation Entity

Unleash Your Sales Potential - Multiply opportunities, Amplify Results How Self-Employment Tax Works- The S Corporation Advantage- Key Requirements and IRS Considerations- Is an S Corporation Right for You? Creating an S Corporation Entity Can Reduce Self-Employment Tax For many small business owners [...]

1612, 2025

Tax-Free contributions to HSA

December 16, 2025|Categories: Accounting|Comments Off on Tax-Free contributions to HSA

Unleash Your Sales Potential - Multiply opportunities, Amplify Results Make Tax-Free contributions to HSA Make Medical Expenses Tax-Free Earnings. Make Medical Expenses Tax-Free Earnings. The cost of medical consultations and medication can accumulate rapidly, particularly when you or your children require frequent medical examinations. If [...]

1612, 2025

What is the Augusta Rule

December 16, 2025|Categories: Accounting|Comments Off on What is the Augusta Rule

Unleash Your Sales Potential - Multiply opportunities, Amplify Results What is the Augusta Rule and How Can I Use It? RS Section 280A(g), better known as the “Augusta Rule”.   What is the Augusta Rule? RS Section 280A(g), better known as the “Augusta Rule”, is a [...]

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