Accounting, Bookkeeping, & Tax Blog

Unlike traditional corporations, pass-through entities avoid double taxation. Instead of taxing business income at the corporate level, the IRS requires th [...]

Whether you manage a single property or a portfolio, every landlord should have a foundational understanding of rental income, associated taxes, and strate [...]

Before transferring money from your business account to your personal account, it's essential to understand how draws work and how they compare to salaries [...]

The QBI deduction, also known as the Section 199A deduction, allows eligible small business owners to deduct up to 20% of their qualified business income o [...]

LLC owners can opt to be taxed in different ways, and each tax structure has its own set of rules. Owner’s draws, guaranteed payments, salaries, and distri [...]

Outsourced bookkeeping saves time and keeps you compliant while generating important insights that aid in informed decisions about your business. These ser [...]

Choosing the right entity for your business isn't easy, as confusion surrounds each option and the long-term impact on numerous aspects of your business. I [...]

Both a sole proprietorship and an LLC offer distinct advantages and disadvantages. These will vary depending on your specific business needs and long-term [...]

A well-prepared SOE helps you show lenders and other stakeholders that your business is financially stable, empowers you to attract investors, and to make [...]