Last week’s blog post talked about how multistate taxation works and got into some of the nitty gritty details of nexus, public law 86-272 and then … [Read more...] about Multistate Taxation: Avoiding Costs and Hassles
Corporate taxation
Do California S Corporations Save Taxes?
Typically S corporations save their shareholder-employees significant amounts of payroll taxes. But because of the California Subchapter S franchise … [Read more...] about Do California S Corporations Save Taxes?
How to Add Your Accountant to Your WA Department of Revenue Account
One thing that’s a real shame is how difficult it is for Washington small businesses to add their accountant as a user on their Department of Revenue … [Read more...] about How to Add Your Accountant to Your WA Department of Revenue Account
S Corporation Tax Savings Calculator
Okay, an interesting idea. If you know what your small unincorporated business will generate in profits this year? And then you have a … [Read more...] about S Corporation Tax Savings Calculator
The Software As A Service (SaaS) Sec. 199 Loophole
Are you running an SaaS business? You know, "software as a service"? And are you taking the Software As A Service Sec. 199 domestic production … [Read more...] about The Software As A Service (SaaS) Sec. 199 Loophole
Little Known Benefits of an S Corporation
Many small business owners and basically every accountant knows the attraction of an S corporation. In a nutshell, an S corporation allows a … [Read more...] about Little Known Benefits of an S Corporation
Paying Zero S Corporation Shareholder-Employee Wages
I stumbled onto an online forum discussion recently where participants were berating some new S corporation owner about paying zero S corporation … [Read more...] about Paying Zero S Corporation Shareholder-Employee Wages
Reporting a Foreign Business Investment
The first thing we need to say is that if you’re an entrepreneur or business owner operating internationally, you need to be really careful about … [Read more...] about Reporting a Foreign Business Investment
Recording Customer Deposits in QuickBooks
Here’s a key piece of information to know. Taxpayers almost always need to report payments from customers as income to the IRS when cash is received, … [Read more...] about Recording Customer Deposits in QuickBooks
Blue Collar S Corporations
I watched the CNBC television show, “Blue Collar Millionaires” over the summer. A good show, episodes (rightly) hammer home the point that America … [Read more...] about Blue Collar S Corporations