Bennett Financials Journal
Practical ideas for protecting profit, planning tax, and building a business that works better for you.
S corp owners can't deduct unreimbursed employee expenses, and that suspension is now permanent. A written accountable plan under Treas. Reg. §1.62-2 turns home office, mileage, and phone costs into tax-free reimbursements.
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A physical therapy practice makes or loses money on visits per therapist per day and net revenue per visit by payer. Here is how a fractional CFO models both, with the 2026 Medicare rules that shape them.
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Rolling 20% into a private equity holding company is a leveraged, illiquid minority bet, not 20% of the price you were offered. Here is the math to value it before you sign.
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Whether your child's wages escape Social Security and Medicare tax depends on your entity, not the job. Here's the 2026 math for a sole proprietorship versus an S corp, and the records that make the wage stick.
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What one new patient is worth, why prepaid care plans are owed service rather than revenue, and how associate pay and owner dependence decide what a chiropractic practice sells for.
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Two offers with the same headline price can leave a seller with very different cash, risk, and job security. Here is how to compare a private equity LOI with a strategic buyer's LOI dollar by dollar.
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Under IRC §280A(g), rent from a home rented fewer than 15 days a year is tax-free. When your company is the renter, the deduction only holds if the meeting is real and the rent matches a comparable venue.
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A med spa's bank balance mixes three kinds of money: earned service revenue, prepaid packages it still owes, and membership dues. A fractional CFO separates them before provider pay or a second location is priced off the wrong number.
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An oil and gas working interest can create a large first-year deduction against active income. Before you wire money, check the liability structure, the 2026 loss cap, AMT, and whether the well works at 63 cents on the dollar.
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There is no IRS percentage for an S corp owner's salary. Price the roles you actually perform, weight them by your hours, and document the result before the year closes.
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