Expenses

Self-Employed? You Can Hire Your Spouse!

Lisa Marie Brugman, EA

Published on: 02/02/2026

Hiring your spouse as an employee in your sole proprietorship or partnership can be a powerful tax-saving strategy, but only if structured correctly. Instead of traditional wages, compensate with tax-free benefits like health insurance to maximize deductions while avoiding payroll taxes. A medical reimbursement arrangement (105-HRA or ICHRA) allows you to cover medical costs tax-free. Additional fringe benefits like education expenses or life insurance can further enhance savings. However, your spouse must be a bona fide employee, with documented work duties and fair compensation. Done right, this strategy can minimize taxes and boost business efficiency.

TaxesExpensesIRSDeductions

Got Filing Penalties

Lisa Marie Brugman, EA

Published on: 30/12/2025

IRS penalties can add up fast — but many are avoidable or removable. This post breaks down the most common IRS penalties and explains when penalty abatement, including First Time Penalty Abatement, may apply.

TaxesExpensesIRS

Deduct Gifts to Clients? 2025 Update

Lisa Marie Brugman, EA

Published on: 18/11/2025

Wondering if you can deduct client gifts on your 2025 taxes? Learn what the IRS allows, what counts toward the $25 limit, which costs you can deduct fully, and how to stay audit-ready while still showing clients appreciation.

ExpensesIRSDeductions

Got Rental Losses?

Lisa Marie Brugman, EA

Published on: 30/09/2025

This blog breaks down everything you need to know—from income limits and passive activity rules to the Real Estate Professional loophole. Whether you're a new landlord or a seasoned investor, you'll learn when losses are deductible, when they’re limited, and what to do if they’re not. Spoiler: it’s more complicated than you think—but there are strategies.

TaxesExpensesDeductions