Accounting, Bookkeeping, & Tax Blog

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S Corp Owner Health Insurance: What to Do (and Deduct)

AccountingSmall Business

This guide will walk you through exactly how to set up, pay for, and report S corp shareholder health insurance to ensure you qualify for the related deduction. If you need help or would like the proc…

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Can an LLC Write Off a Car Purchase? The 2025 Guide

TaxesAccountingSmall Business

Whether you’re considering a work truck, sedan, or leased vehicle, the right approach could unlock significant tax savings. This guide walks through the deduction methods, depreciation strategies, and…

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K-1 Income vs. Distributions: A Tax Guide for Small Businesses

TaxesSmall Business

Understanding the difference between K-1 income and distributions isn’t just an accounting technicality. It can impact your self-employment tax liability, capital gains exposure, and even how much cas…