It's a popular notion that savvy CEOs can dodge taxes entirely by taking a $1 salary and receiving the rest of their compensation in stock options. While this strategy offers…
Closing your business is a major step. You've likely dedicated time, energy, and resources to building it, and now it's time to move on. But even after you've finalized those…
We recently came across an interesting question on Reddit: Can a self-employed live streamer write off alcohol purchased at bars while streaming? The streamer argued that since they wouldn't be…
We recently came across a Reddit post from a small business owner who was wrestling with a common dilemma: "I want to offer a 401(k) to my employees, but it…
Tax season often brings a sense of dread, but understanding your options can empower you to minimize your tax liability. One crucial decision you'll face is whether to take the…
Starting a business is an exhilarating journey! But amidst the excitement of bringing your vision to life, it's easy to overlook critical financial aspects. At XOA TAX, we understand the…