One of the popular entrepreneurial myths, at least in some circles, concerns incorporating in Nevada. The story goes something like this: While … [Read more...] about Does a Nevada Corporation Save Taxes?
Search Results for: s corporation
What is a Professional Corporation?
In most states, including Washington state, professionals can't incorporate as a just a regular corporation. In other words, while a plumber who wants … [Read more...] about What is a Professional Corporation?
How Are Corporations Taxed?: A Short Primer
Obviously I can't summarize all of the tax law applicable to corporations in a few paragraphs. But I can give a bird's-eye view of the … [Read more...] about How Are Corporations Taxed?: A Short Primer
Washington State LLC vs Corporation Rules
New business owners often want to organize a venture as a corporation or limited liability company. And that choice makes great sense. Both LLCs and … [Read more...] about Washington State LLC vs Corporation Rules
Using ChatGPT in a Small Business
I’ve been learning about artificial intelligence, or AI, over about the last year or year and a half. Most days, and this is a little embarrassing, … [Read more...] about Using ChatGPT in a Small Business
How to Get Extra Year Section 199A Deductions
Operate your small business or real estate venture as a partnership or S corporation? You can probably get an extra year Section 199A deduction by … [Read more...] about How to Get Extra Year Section 199A Deductions
Section 199A(i) Fiscal Year Change Extends Deduction
A short, technical post: You can possibly use a fiscal year and even a fiscal year change to get one additional year of Section 199A deduction. Even … [Read more...] about Section 199A(i) Fiscal Year Change Extends Deduction
BOI reports and Your Small Business
You’ll soon need to file a Beneficial Ownership Information report, or BOI report, about your small business corporation or LLC with the U.S. … [Read more...] about BOI reports and Your Small Business
A CPA Explains Moore v. United States
I want to talk about the Moore v. United States tax case. The U.S. Supreme Court hears oral arguments this week. And to date, the media coverage of … [Read more...] about A CPA Explains Moore v. United States
The Qualified Family-Owned Small Business Deduction
If you own or invested in a Washington state small business, you want to know about the qualified family-owned small business deduction. And here’s … [Read more...] about The Qualified Family-Owned Small Business Deduction