What Is Reasonable Compensation For An S Corp?
Thinking of switching your entity to be taxed as an S Corp to reduce your FICA, Self-Employment, Social Security, and Medicare taxes...
Decide How Much In Taxes You Want To Pay With This Tool!
Many business owners don’t realize that they hold the KEY to deciding how much they want to or they need to pay taxes.
The Difference Between 1099 NEC vs 1099 MISC
The IRS this year released a tentative draft of a new form tied to 1099 filing: 1099-NEC. Now there are two 1099 forms, 1099-MISC and...
Year-End Checklist For 2020 and Beyond!
So the year is almost over, but before it is over now is the perfect opportunity to plan for the next year for your business. Although 2020
Top 8 Most Common Tax Errors You Need to Avoid!!!
With the upcoming tax deadline due by Oct 15, some late filers may still be rushing to submit their taxes on time. The problem with rushing
What Tax Form & When Do I File Taxes For My Business?
Do you know your entity structure, the deadline due date, and the form to file for them?
The Shocking Truth About Mileage Deductions!
You’re preparing your mileage log to claim auto deductions; however, an inaccurate log will land you an IRS audit.
Buying a Car VS Leasing a Car, Which One Benefits You?
So you're thinking of getting a new car for your business, but should you get a loan to purchase the car or lease the car instead?
What Can I Deduct From My Business?
When running a business, you have to figure out what business expenses are deductible. So what kind of business deductions that should be...
What Is The Future Of The Economy Post-Pandemic?
With the future of the economy hanging by a thread by a global pandemic, many are uncertain what the future of our economy will be. As...
