The year is almost over. Not much time at all to take steps that reduce your taxes. But one last-minute idea to share. An easy trick that can help … [Read more...] about Tax Strategy Tuesday: Start a Pension Plan for Yourself
business taxes
Tax Strategy Tuesday: Startup Business Employee Retention Credit
The year ends in a just a few days. So, a last minute tax strategy: If you can start a business before the year ends, you should be able to employ the … [Read more...] about Tax Strategy Tuesday: Startup Business Employee Retention Credit
Tax Strategy Tuesday: Convert Guaranteed Payments to Qualified Business Income
Okay. This Tuesday? I've got a tax strategy for partnerships. A strategy that can save individual partners thousands in taxes annually. Maybe even … [Read more...] about Tax Strategy Tuesday: Convert Guaranteed Payments to Qualified Business Income
Tax Strategy Tuesday: One Person S Corporation
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
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
Solving the Employee Retention Credit Partial Suspension Puzzle
Okay, something you should know if you employ workers. You may have a backdoor method for qualifying for the employee retention credit. The partial … [Read more...] about Solving the Employee Retention Credit Partial Suspension Puzzle
Three Tips for Bigger Employee Retention Credits
If your business got beat up by the Covid-19 pandemic—many did of course—you hopefully know about employee retention credits. But what you may not kno … [Read more...] about Three Tips for Bigger Employee Retention Credits
Biden Real Estate Tax Proposals Scramble Planning for Investors
Recent blog posts here have talked about how President Biden proposes to boost the federal taxes some small businesses and their owners pay. But Mr. … [Read more...] about Biden Real Estate Tax Proposals Scramble Planning for Investors
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 S … [Read more...] about Biden S Corporation Tax Proposals Cap Savings
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 p … [Read more...] about Covid-19 Late S Corporation Elections