When it comes about owning the business mostly people know about three types of business ownership which is sole proprietorship, S Corporations and Partnerships. There are other types...
Posted by Allen Kemper on 03/15/2018
A Limited Liability Company (LLC) is not recognized by the IRS and is not a separate entity. The IRS calls it a “pass-through entity” because its profits and losses are...
Posted by US and International Business Services on 03/08/2018
If you own a limited liability company (LLC), it may be a good idea to re-visit the current structure with your accountant to ensure optimal performance regarding business taxes. If,...
Posted by John Pournaras Agency on 03/05/2018
For many business owners, paying taxes is a very touchy subject that many would rather not discuss or even think about. The simple reason is that tax planning is complex, which causes...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/12/2018
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...
Posted by Flynn Financial Group Inc on 01/11/2018
When it comes to your taxes, there are a variety of fees that you can deduct. But some of these are only available to you if you are filing business taxes and cannot be used for your...
Posted by ALJ Business Services,LLC on 01/11/2018
National Tax Security Awareness Week: Data Protection Tips to Help Taxpayers, BusinessesWith the number of data breaches at record levels, these are issues that pose a threat to individuals...
Posted by Emelia Mensa CPA on 11/20/2017
Running a new business can be one of the most exciting parts of your life. You are taking your life into your own hands and deciding to do something that you love, rather than working...