Accounting, Bookkeeping, & Tax Blog

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 [...]

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 [...]

Despite its popularity, many entrepreneurs, freelancers, and small business owners find QuickBooks features to be overwhelming, pricing too expensive, or s [...]

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 [...]

Filing taxes for your small business in 2025 is more complex than ever. With new IRS rules, updated 1099 reporting thresholds, and expanded deductions unde [...]

Understanding how to take money out of your LLC without triggering unexpected tax liabilities can be complex. This excellent guide demystifies LLC distribu [...]