Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Understanding how to take money out of your LLC without triggering unexpected tax liabilities can be complex. This excellent guide demystifies LLC distribu [...]
This guide breaks down what assets, liabilities, and equity really mean for your business, how they shape your balance sheet, and how to use them as a deci [...]
This entity offers a powerful way to save on self-employment taxes while still being shielded by limited liability protection. But before you dive in, you’ [...]
Getting this wrong can lead to missed tax savings, or worse, penalties and increased IRS scrutiny. However, when handled correctly the S corp structure off [...]
At a high level, the main distinction between a partnership and a corporation lies in legal separation. A corporation is a distinct legal entity separate f [...]
There are numerous benefits and strategic advantages of establishing your business as an LLC in California. The state offers a large workforce, diverse ind [...]
When you think of depreciating a tangible asset, you likely picture allocating its cost over its estimated useful life, which can be several years. But wha [...]
Understanding the nuances of OpEx is the difference between scrambling to cover bills each month and confidently steering the business toward long-term gro [...]
Calculating depreciation accurately and applying it strategically can make the difference between a smart financial move and a costly compliance mistake. U [...]
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