Cash flow stands as the lifeblood of any small business. The inflow and outflow of funds directly impact a business's ability to operate, grow, and fulfill its financial obligations,...
Posted by Pat Raskob on 08/22/2023
Taxation is a complex system that impacts various aspects of our lives. One area that often draws attention is the issue of marriage tax penalties. Many individuals believe that tying...
Posted by KLSM CPA Firm PLLC on 07/07/2023
As a responsible taxpayer, understanding your obligations and staying on top of your tax payments is crucial to avoid penalties and ensure a smooth tax-filing process. One important...
Posted by Pat Raskob on 06/23/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
Limited Liability Companies (LLCs) have become popular among business owners in recent years. One reason for this is the tax advantages and disadvantages of an LLC. In this article,...
Posted by KLSM CPA Firm PLLC on 04/09/2023
A C corporation is a type of business entity that is formed under state law and is taxed separately from its owners. On the other hand, an LLC is a business entity that provides limited...
Posted by Taxes Made EZ Inc on 03/25/2023
You may be eligible for the qualified business income deduction if you are a small business owner.The Qualified Business Income (QBI) deduction provides small business owners with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/09/2023
The tax treatment of dividends in the United States depends on whether the IRC (Internal Revenue Code) classifies them as qualified or ordinary dividends (also called non-qualified...
Posted by KLSM CPA Firm PLLC on 12/27/2022
The traditional process is slow and tedious if you want to convert your corporation to an LLC. But in many states, there is an easier and less expensive way.Although it doesn't...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/28/2022
