In a few weeks, one tax year ends and a new tax year starts. For that reason, it makes sense to talk about a powerful tax strategy for small … [Read more...] about Tax Strategy Tuesday: One Person S Corporation
Search Results for: s corporation
Build Back Better S Corporation Tax Hits High Income Taxpayers
The Build Back Better Act hits S corporation owners and active real estate investors a bit harder than some of us guessed. In a nutshell? It … [Read more...] about Build Back Better S Corporation Tax Hits High Income Taxpayers
Biden Tax Plan Starts Long Slow Death of the S Corporation
I guess it had to happen. Eventually. The end of the S corporation, I mean. People have complained about the loophole, gosh, probably since … [Read more...] about Biden Tax Plan Starts Long Slow Death of the S Corporation
Biden S Corporation Tax Proposals Cap Savings
S corporations and their shareholders want to pay close attention to President Biden’s tax proposals. Mr. Biden proposes raising taxes on high-income … [Read more...] about Biden S Corporation Tax Proposals Cap Savings
IRS S Corporation Shareholder Salary Data
If you operate as an S corporation, you already know that you need to set a salary for shareholder-employees. A reasonable one. And you hear lots … [Read more...] about IRS S Corporation Shareholder Salary Data
Covid-19 Late S Corporation Elections
Like most small business CPA firms, we love S corporations. Oh, no, it’s true. Call us crazy. But we love the way they help entrepreneurs reduce … [Read more...] about Covid-19 Late S Corporation Elections
Late S Corporation Payroll Hacks
This time of the year, tax accountants confront a common problem. That problem? Well, okay, this is awkward… but somehow, no one quite knows how, … [Read more...] about Late S Corporation Payroll Hacks
How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships
I’ve got some bad news, unfortunately. The IRS may have destroyed or dramatically reduced your Section 199A deduction. At least if you’re a typical … [Read more...] about How the IRS Destroyed the Section 199A Deduction for Small Business S Corporations and Partnerships
S Corporation Section 199A Deduction
The S Corporation Section 199A deduction gets complicated. Especially for S corporation business owners who don’t get good advice from a knowledgeable … [Read more...] about S Corporation Section 199A Deduction
S Corporation Home Office Deduction Revisited
My oldest friend (since 5th grade) is also a CPA. At lunch last week, he made a great observation. If you run your business as an S corporation and … [Read more...] about S Corporation Home Office Deduction Revisited