First Gen Wealth Education

The Wealth Habits That Protect Your Deductions

The Wealth Habits That Protect Your Deductions

by Eric James
The IRS does not randomly select Schedule C returns. This article explains how Discriminant Income Function scores and Total Positive Income work, and how structured bookkeeping protects legitimate business deductions.
Health Savings Accounts Explained for Entrepreneurs

Health Savings Accounts Explained for Entrepreneurs

by Eric James
If you’re a business owner from an underserved community, one medical bill can knock you off track. This guide explains Health Savings Accounts and high deductible health plans in plain language so you can protect your income and plan ahead.
5 Audit Triggers Every New Entrepreneur Should Understand

5 Audit Triggers Every New Entrepreneur Should Understand

by Eric James
Most audits don’t come from bad luck. They come from simple mistakes new entrepreneurs make when nobody ever taught them the rules. These five insights will help you understand how the IRS thinks so you can move smarter.