You know your business needs to hire employees, and you’re already on board with using a full-service payroll provider such as Gusto, Intuit … [Read more...] about Washington Small Business Payroll Setup Tips
Corporate taxation
Sec. 199A S Corporation Dissolution
Some S corporation owners are starting to ask about Sec. 199A S corporation dissolution. In other words, should an S corporation dissolve to … [Read more...] about Sec. 199A S Corporation Dissolution
Meals and Entertainment Deduction Rules for 2018 and Beyond
The meals and entertainment deduction rules for 2018 differ from those used in the past. If you’re a business owner or real estate investor, you … [Read more...] about Meals and Entertainment Deduction Rules for 2018 and Beyond
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
Subchapter S Election Timing Tips & Tricks
You want to understand how Subchapter S election timing works. Understand the timing, for example, and you avoid common mistakes. Further, understand … [Read more...] about Subchapter S Election Timing Tips & Tricks
Why File Out of State Tax Returns
Can we talk about something that’s a little bit awkward for small business owners? Specifically, can we discuss the “why file out of state tax … [Read more...] about Why File Out of State Tax Returns
S Corporation Reasonable Compensation
Businesses often struggle with the "S corporation reasonable compensation" question. Set the number too low and you risk the wrath of the IRS. Set … [Read more...] about S Corporation Reasonable Compensation
The Million Dollar S Corporation Mistake
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
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