For several small businesses, paying income tax means striving to master the rules of double-entry bookkeeping and employee withholding while researching all possible business deductions....
Posted by The TaxAdvocate Group, LLC on 09/03/2021
There are tax laws regarding everything that has to do with an individual, even in death, and this is where Inheritance Tax applies. It focuses on the trust and tax process about the...
Posted by KLSM CPA Firm PLLC on 07/31/2021
While starting up, many entrepreneurs usually concern themselves with various things like getting the perfect investor, getting funds, and hardly have tax in mind. However, the problem...
Posted by The TaxAdvocate Group, LLC on 06/24/2021
When comparing a partnership to an S Corp, it is important to consider the pros and cons of each, especially when it comes to creating the legal structure for your business. In addition...
Posted by Flynn Financial Group Inc on 06/18/2021
Everyone with assets will know that keeping such assets safe is a top priority as there are various threats to one's ownership of such assets like divorce, lawsuits and creditors. With...
Posted by Daniel P Vigilante CPA and Profit Consultants on 05/24/2021
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
Posted by Karen Munoz, EA on 05/24/2021
A joint tax filing return makes both parties responsible for the tax bill. It removes the need to foot additional tax debt with an innocent spouse relief if your partner or ex-partner...
Posted by CORE PERFORMANCE on 05/06/2021
The significant difference between S corps and partnership is the protection limited liability that S corps business owners enjoy. Partnerships, however, do not have this protection,...
Posted by Jim McClaflin, EA, NTPI Fellow on 04/27/2021
When you file your business taxes, you may be gathering information and asking yourself what is deductible and not. Income tax deductions benefit your business because they lower your...
Posted by Flynn Financial Group Inc on 04/26/2021
