Bad or erroneous tax advice costs small business owners in all sorts of ways. But deciding not to run a successful small business as an S corporation … [Read more...] about The Million Dollar S Corporation Mistake
S Corporation Paperwork Problems
Right before New Year’s Eve, a tax court vaporized an S corporation and its shareholder due to what might only amount to poor S corporation … [Read more...] about S Corporation Paperwork Problems
Washington State Household Employees and Independent Contractors
A client asked me the other day about the accounting rules one needs to use for Washington State household employees and independent … [Read more...] about Washington State Household Employees and Independent Contractors
S Corporation Partnerships Let You Break Rules
I want to talk about S corporation partnerships in this week's blog post. And here's why: S corporations provide great tax savings, but … [Read more...] about S Corporation Partnerships Let You Break Rules
Qualified Small Employer Health Reimbursement Arrangement Rules
Last week Congress created the “Qualified Small Employer Health Reimbursement Arrangement.” Presumably, President Obama will sign the legislation … [Read more...] about Qualified Small Employer Health Reimbursement Arrangement Rules
Financial Planning for Top One Percent
At first blush, David Splinter’s excellent doctoral dissertation about income variability and its effects on inequality seems to have little to do … [Read more...] about Financial Planning for Top One Percent
S Corporation Salary Rules
S corporation shareholder-employees regularly ask for S corporation salary rules. And tax accountants, wanting to help, try to provide … [Read more...] about S Corporation Salary Rules
How to Feel Rich: A Thanksgiving Essay
The Thanksgiving holiday occurs this week, which maybe seems unrelated to the topic of how to feel rich, but a nice connection exists, so let me … [Read more...] about How to Feel Rich: A Thanksgiving Essay
Real Estate Investors and the Net Investment Income Tax
Last week, we did a blog post about small business net investment income tax stuff for entrepreneurs and business owners. So this week, I wanted to … [Read more...] about Real Estate Investors and the Net Investment Income Tax
Small Business Net Investment Income Tax Primer
If you’re an entrepreneur or small business owner, you want to know about how the Obamacare net investment income tax works. Accordingly, in this blog … [Read more...] about Small Business Net Investment Income Tax Primer