7 min read
The Home Office Deduction Isn't an Audit Flag, Bad Records Are
This article explains when the home office deduction is legitimate, how to weigh the simplified method against actual expenses, and why proper...
Strategic Tax Consultant, Bestselling Author, Founder of USTaxAid & KennedyTax.Tax
Diane Kennedy, CPA, is a leading expert in tax strategy for entrepreneurs and real-estate investors. She is the founder of USTaxAid and KennedyTax.Tax, where she helps business owners reduce taxes, strengthen structure, and turn complex tax rules into clear, actionable steps.
A bestselling author, Diane wrote Loopholes of the Rich and more than a dozen additional books on business and real-estate tax planning. She has been featured on CNN, Bloomberg TV, and in Forbes, The Wall Street Journal, and CNBC. She also received the State of Nevada Small Business Owner of the Year award and previously co-hosted Wealth Talk Radio, bringing practical financial education to a national audience.
Diane teaches weekly Tax Strategy Labs, where she answers live questions and works through real-world tax scenarios, and she advises private clients through a strategy-driven, implementation-focused consulting practice. She holds a BS in Accounting from the University of Nevada, Reno, where she has also taught.
She was invited to the White House for a roundtable on how small businesses and local charities can partner to support entrepreneurial community initiatives.
7 min read
This article explains when the home office deduction is legitimate, how to weigh the simplified method against actual expenses, and why proper...
10 min read
Self-employed and S-Corp owners often assume a refund means they're in the clear, but underpayment penalties can still apply. This article breaks down how...
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This article breaks down what the One Big Beautiful Bill means for therapists in private practice, including the now-permanent QBI deduction, the return...
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Businesses-of-one operate on a completely different model than traditional small businesses, which means they need a different set of tools to run...
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Businesses-of-one face a costly blind spot: overpaying on taxes simply because of how their entity is structured. Operating as a sole proprietor or...
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Businesses-of-one are reshaping the American economy, with solo operators now representing the majority of U.S. small businesses. Freelancers,...
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Content creators can reduce their tax burden by taking advantage of restored 100% bonus depreciation, properly tracking business expenses, and...
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This guide explores AI tools that help real estate agents price homes more accurately, streamline transactions, and optimize back-office finances. It also...
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This guide explores the leading AI tools helping real estate agents streamline marketing, automate lead nurturing, and improve client management. It also...
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Real estate AI has evolved beyond listing descriptions and chatbots. The best AI stack combines front-office tools that generate leads with back-office...
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The One Big Beautiful Bill restores 100% bonus depreciation, updates Opportunity Zones, and makes the QBI deduction permanent. The biggest opportunity...
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Real Estate Professional (REP) status and S Corporation elections are two distinct tax strategies that solve different tax problems. Understanding how...
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Many solopreneurs assume any income qualifies them for IRA contributions, but retirement plan rules are more nuanced. Understanding the difference between...
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Freelancers and solopreneurs often wait until tax season to think about taxes, which can lead to expensive surprises. Building simple financial systems...
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A tax deduction reduces taxable income, not your tax bill dollar-for-dollar. The article explains why write-offs are not “free,” how deductions differ...