The Tax Cuts and Jobs Act added a new business deduction to tax law: the Section 199A Qualified Business Income Deduction. In a nutshell, the … [Read more...] about Section 199A Qualified Business Income Deduction: Big Savings for Small Businesses
business taxes
Pass-through Entity Tax Cut Rules Are Complicated
Last week, House Republicans passed the “Tax Cuts and Jobs Act.” The law gives many sole proprietors, partnerships and S corporations a tax cut by … [Read more...] about Pass-through Entity Tax Cut Rules Are Complicated
Amazon FBA Sales Tax: The Reality Sandwich
Most Amazon FBA businesses have a riddle they wrestle with—which is the Amazon FBA sales tax question. Specifically, do you, if you’re an Amazon … [Read more...] about Amazon FBA Sales Tax: The Reality Sandwich
Business Education Deductions
A couple of times recently, I’ve talked with taxpayers about their business education deductions. And they have questions. Some small business … [Read more...] about Business Education Deductions
Tax Deduction Receipts
Taxpayers always wonder about whether or not they can deduct expenses when they don't have a receipt. Generally, yes, you can... but you want to … [Read more...] about Tax Deduction Receipts
Pay Zero Income Taxes on $100,000 of Income
A few weeks ago, in a blog post about income tax brackets, I pointed out that some people who make $100,000 a year pay zero income taxes. That “pay … [Read more...] about Pay Zero Income Taxes on $100,000 of Income
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
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
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
Hidden Small Business Pension Plan Costs
A couple of times recently, I’ve gotten into, er, spirited discussions with people about whether some small business pension plan costs too much to … [Read more...] about Hidden Small Business Pension Plan Costs