Dr. Friday explains the difference between Section 179 and bonus depreciation when writing off business equipment. She notes that the best choice can depend on your situation and…
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Tax questions
Small business & self-employed
Entity choice, self-employment tax, home office, vehicles, gig income, and keeping the IRS happy.
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IRS letters & problems
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Deductions & credits
Small business & self-employed
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122 answers
Radio Show
February 21, 2026
Tax season is in full swing, and this episode centers on making smart filing decisions before deadlines hit. Dr. Friday opens with reminders for entity returns due March…
#Capital Gains Taxes#Roth Conversions#Grant-Funded Wages#Trump Accounts
ListenDr. Friday highlights areas the IRS tends to prioritize for enforcement, including higher-income taxpayers and complex pass-through entities. She also notes increased attention on digital assets and offshore…
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Radio Show
January 3, 2026
While taxes are usually the star of the show, Dr. Friday takes a detour "off the grid" this week to discuss a critical component of business health: cybersecurity.…
#Cybersecurity Risk Assessments#Managed IT Support#Ransomware And Data Breaches#Employee Cybersecurity Training
ListenGreat news to start the year. Dr. Friday explains why making the 20% Qualified Business Income deduction permanent opens the door for real tax planning.
ListenNot every workspace qualifies as a home office deduction. Dr. Friday breaks down what the IRS considers a true dedicated business space.
ListenBig purchases for your business? Dr. Friday explains how Section 179 lets you deduct 100% of equipment costs—up to millions—in the first year.
ListenGood news for small business owners! Dr. Friday explains the now-permanent 20% qualified business income deduction and who can benefit.
ListenDr. Friday highlights a little-known opportunity for investors who hold qualified small business stock for five years or more—potentially eliminating capital gains tax.
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S Corp vs. C Corp: Which is Right for Your Business?
Small business & self-employed
Is an S corporation or a C corporation better for your business? Dr. Friday explains the pros, cons, and tax implications of each.
ListenDr. Friday explains the tax implications of different business structures, including LLCs, sole proprietorships, and C corporations.
ListenIn this episode, Dr. Friday discusses how small business owners can lower their taxable income by paying their children for legitimate work. Learn how this strategy can benefit…
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