Accounting, Bookkeeping, & Tax Blog

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

Both offer liability protection and unique tax advantages, but they diverge significantly in terms of ownership structure, management complexity, and growt [...]
Because the IRS closely monitors this area, failing to pay a reasonable salary is one of the most common triggers for an audit of S corporations. This guid [...]
This move can unlock thousands of dollars in tax savings each year while also positioning your business with a stronger financial infrastructure that suppo [...]
Forming a multi-member LLC is a popular choice among entrepreneurs due to its flexibility, favorable corporate tax considerations, and liability protection [...]
The answer is yes, but the path to maximizing this deduction requires careful planning, strict compliance with IRS rules, and a long-term strategy. This gu [...]
Electing S corporation tax status can unlock meaningful savings and signal a new stage of professionalism in your business. It also introduces stricter com [...]
Selecting the optimal entity has numerous benefits and can make a positive impact immediately. For example, small business owners can cut their tax burden [...]
Maximizing every eligible tax credit and deduction, including QBI, is an essential business practice. Because this deduction was supposed to sunset after 2 [...]
Many entrepreneurs reach a point where self-employment taxes cut too deeply into profits, which is when the S corp election becomes a smarter financial mod [...]
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