Accounting, Bookkeeping, & Tax Blog

The IRS Form 1099-K threshold has been simplified at the federal level, but the core challenge remains separating gross payments from taxable profit. Maste [...]

While you may have heard mention of an "LLC tax rate," the reality is that there is no single rate. Instead, owners and entrepreneurs layer federal income [...]

Whether you're considering establishing your business in the state of California, have just launched, or are celebrating your first year in business, it's [...]

Under this legislation, qualifying overtime workers can now deduct up to $12,500 of their overtime earnings from their taxable income ($25,000 for joint fi [...]

The recently signed "One Big Beautiful Bill Act" will have a significant impact on tax strategies and financial planning for small businesses operating in [...]

Under this new provision, tipped workers can deduct up to $25,000 of qualified tips from their taxable income. This applies to both employees, who typicall [...]

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 [...]