Accounting, Bookkeeping, & Tax Blog

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 [...]

When you think of depreciating a tangible asset, you likely picture allocating its cost over its estimated useful life, which can be several years. But wha [...]

Selecting the optimal legal and tax structure for your new business is one of the most consequential decisions you'll make. While there are several options [...]

A well-prepared Schedule C form is the foundation for avoiding common IRS red flags and building a sustainable business. This guide turns each line of Sche [...]

Choosing the right business structure is one of the most consequential decisions that a small business owner or freelancer can make. Whether you operate as [...]

Whether you're kicking off the evaluation process or are in advanced negotiations to bring a new member aboard, it's essential to understand the key tax co [...]

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 [...]