
The Tax Cost of an Overpaid S Corp Salary
Electing S Corporation status is a powerful way to reduce self-employment taxes, yet many owners

Electing S Corporation status is a powerful way to reduce self-employment taxes, yet many owners

Forming a Multi-Member LLC is a great way to protect your business legally and build

The Top 5 Benefits of Choosing S Corporation Status for Your Business If you’re running

Can You Deduct the Full Cost of Your Vehicle in 2025? Big News: The One

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On May 22, 2025, Congress passed a sweeping tax reform package unofficially dubbed the “One

President Donald Trump has released a sweeping set of proposed tax reforms. While these ideas

Why Your S Corp Salary Might Be Too High — And What It’s Costing You

For married couples who co-own real estate — especially in an LLC — this is

The Hidden Cost of Waiting: Why Smart Tax Planning Starts Now, Not Later Every year,

Missed the Tax Deadline? Here’s What You Need to Know Before the IRS Comes Calling

W-2 by Day, CEO by Night: How to Save Thousands on Taxes by Starting a

Short-Term Rentals (STRs) have changed the game for real estate investors and small business owners

Tax Planning for Multi-Member LLCs: What Every Partner Needs to Know Forming a Multi-Member LLC

8 Easy Steps for Non-US Residents to Start an LLC Starting an LLC in the

Tax Benefits of LLCs vs. S Corps – Which One Saves You More? When starting

Are You a Real Estate Professional? Here’s Why It Matters for Your Taxes If you’re

Taxes can be overwhelming, and recent updates on President Trump’s tax plans have left many

What Is the Pink Tax? The Pink Tax is the extra money women pay for

So, you’ve hit it big with a sports bet—congrats! But before you start planning how

What is the SALT Deduction? The SALT deduction allows taxpayers to deduct up to $10,000

Life gets busy, and missing the tax deadline happens more often than you think. Whether

As the end of the year approaches, it’s time to get proactive about tax planning.

If you’re running an Airbnb business, you may be wondering whether forming a Limited Liability

Starting a business is an exciting journey, but it can also feel overwhelming if you

Have you ever noticed a deduction labeled “OASDI” on your paycheck and wondered what it

Managing taxes can feel overwhelming, especially if your financial situation is complex. A trusted CPA

Running a non-profit organization comes with a unique set of challenges, especially when managing finances.

Working from home has become a normal part of life for remote workers and freelancers.

Being a freelancer comes with many perks, including flexibility and independence. However, managing taxes can

Filing taxes late can be intimidating, but it doesn’t have to be. Many people make

The W-4 form, also known as the Employee’s Withholding Certificate, is a simple but essential document

Navigating the world of business taxes can feel overwhelming, especially for small business owners. But

When it comes to tax season, one of the most important tasks for small business

As an entrepreneur or freelancer, traveling for business is often part of the job. Whether

Starting a new business is exciting, but it also comes with responsibilities, including managing taxes.

Running a small business comes with plenty of challenges—managing finances, ensuring tax compliance, and making

Freelancing comes with incredible flexibility and the freedom to work on your terms. However, with

If you have a side hustle, you’re not alone. More than 70 million Americans earn

Running a Limited Liability Company (LLC) can be rewarding, but it comes with responsibilities—especially when

Paying employees involves more than just cutting checks. As an employer, you’re responsible for adhering

Running a business is exciting, but keeping track of finances can be challenging. Yet, good

Being self-employed gives you freedom, but it also comes with unique challenges, especially during tax season.

Running a photography business involves various expenses. The IRS offers tax deductions that can help reduce

unning a small business is exciting, but when tax season rolls around, it can also

Starting a business is exciting, but one of the most important decisions you’ll make is

An IRS audit can feel intimidating, but with the right knowledge and preparation, small business

As an interior designer, managing projects, working with clients, and enhancing your skills often comes

Hiring family members in your business can have benefits: it fosters trust, creates a family-oriented

Selling products online is an exciting way to grow your business and reach customers all

Managing payroll taxes is a crucial part of running a small business, but mistakes can

Starting a new business is exciting, but it comes with responsibilities—including keeping your finances in

Starting a nonprofit is an exciting step toward making a positive impact. But before you

When you’re in a partnership, tax filing is a team effort, and it’s essential to

Being self-employed brings a lot of freedom and flexibility, but it also comes with a

Starting an LLC (Limited Liability Company) is an exciting step for any entrepreneur. It’s flexible,

Saving for education can feel like a daunting task, but a 529 plan makes it

Starting a new business is exciting, and as a business owner, you may have a

Charitable contributions are a powerful way to support causes you care about while potentially lowering

When it comes to taxes, understanding your tax bracket is a great first step. For

Starting a business is exciting, but it can feel overwhelming to choose the right structure.

Starting a business is a dream for many entrepreneurs, but choosing the right structure can

For many business owners, freelancers, and self-employed individuals, managing taxes can feel like a daunting

Running a small business involves managing many expenses, but did you know that several of

Running a small business is a rewarding venture, but it comes with responsibilities, especially when

Building a good credit score for your LLC is essential to growing your business, securing financing,

Running a small business comes with many responsibilities, and one important task is ensuring you’re

Running a business comes with many responsibilities, including taxes. It’s not uncommon for businesses to

When it comes to taxes, deadlines are crucial for avoiding penalties. But sometimes, life or

Receiving a letter from the IRS can feel overwhelming, especially for small business owners who already

Why Audits Happen Nobody enjoys the idea of an IRS audit, especially when you’re busy

Filing taxes for partnerships can seem like a daunting process, but it doesn’t have to

As a small business owner, freelancer, or independent contractor, you may already know that paying

Operating an LLC comes with numerous responsibilities, and staying compliant with the latest regulations is

For many taxpayers, the October tax extension deadline can sneak up quickly, especially if you

When it comes to managing your finances, understanding the best tax-saving strategies for individuals and

Navigating taxes is no easy feat, especially when the dreaded IRS audit looms over taxpayers’

Gift tax is an important concept for anyone looking to transfer wealth, whether as a

In the world of taxes and accounting, it’s easy to feel overwhelmed. The jargon can

When running a small business, understanding how taxes work is essential to keeping your operations

Your kid can be a millionaire by 18 and save you ~$13,850 every year. Tax

Introduction to R&D Tax Credits Maximizing R&D tax credits can provide substantial benefits for businesses

What is an LLC? An LLC, or Limited Liability Company, is a popular business structure

What are Grouping Activities? Grouping activities involve consolidating multiple business operations or rental activities into

Every year, millions of dollars in unclaimed assets are turned over to the state of

Navigating the world of taxes can be daunting, especially when it comes to estate and

Losing someone close to us is a deeply emotional experience, and amidst the grief, there

Managing taxes for an e-commerce or online business can be challenging, but with the right

E-2 visa: launching your US business, increase you visa approval chances by organizing your LLC,

Cryptocurrency investing can be exciting, but it also comes with challenges, especially when market conditions are

As a small business owner, you’re responsible for planning your own retirement and may also

Are you a construction, remodeling, or renovation LLC owner? Taxes can be a heavy burden, but

Starting a business in the U.S. involves several steps beyond just forming the entity. Key

Introduction The push for sustainable living has brought a variety of financial incentives, including EV

Introduction Cryptocurrency investing can be exciting, but it also comes with challenges, especially when market

Choosing the right bookkeeper is crucial for any business. A good bookkeeper helps keep your

Managing a business is no small feat, especially when it comes to handling finances. This

No matter how much you love driving a truck, tax season can be stressful. But

Choosing the right business structure is a big decision for any entrepreneur. Two popular options

When starting a business, choosing the right structure is crucial. Two popular options are C

Retirement Planning for Small Business Owners As a small business owner, you’re in charge of

Are you buying or selling a business? If so, you’ll need to know about Form

Are you tired of seeing a big chunk of your paycheck go to taxes? Smart

Best Tax Deductions For self-employed physicians, other medical professionals, and mental health professionals, understanding available tax

If you’re self-employed and use your home office exclusively and regularly for that work, you

Introduction Small business owners strive to offer attractive benefits packages to retain talented employees, with

Penalty Reasons If you don’t meet your tax obligations, you might owe a penalty. The

It is an age of rising businesses with new innovative ideas and approaches. Starting from

What is a Like-kind exchange? Introduction Explore the concept of Like-Kind Exchanges in real estate,

Table of Contents S Corp Tax Savings How you can save $10,000 or more in

How Short-Term Rentals with the power of depreciation can save small business owners an average

The Augusta Rule: Tax-Free Income and a deduction for your business through Your Home Introduction

New BOI rules for Business Owners Starting January 1, 2024, the latest Beneficial Ownership Information

What is a tax refund? A tax refund is an amount that the government reimburses

2024 Capital Gains Tax Strategies for Home Sales Homeowners are affected by capital gains tax

8 Major IRS changes in 2024 For the tax year 2024, the Internal Revenue Service

What is the IRS mileage rate for 2024 This year, the IRS raised the mileage

As we have entered the new year of 2024 the last tax quarter is already

Tax time gets overwhelming if you can’t find your receipts. Business owners become active and

Smart Management with Two LLCs: How an Operating LLC Can Benefit Your Rental Real

Hey there, crypto fans and savvy investors! You’ve probably heard that the next Bitcoin

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Buying and Selling Cryptocurrency Through an LLC: A Simplified Guide Hey crypto Traders! If you’re

Understanding Passive Income vs. Non-Passive Income What is Passive Income? Passive income is money you

If you’re a US citizen living in another country, the Foreign Earned Income Exclusion (FEIE)

Real estate can be a smart investment, but when tax season rolls around, knowing

Paying taxes is a must, and the IRS offers various methods to make it easier.

As the year 2023 winds down, it’s time for taxpayers to look ahead and make

Paying taxes is obligatory, but sometimes the circumstances don’t allow you to pay your taxes

Crypto Reconciliation Reports and Their Importance The rise of cryptocurrencies has brought about a new

Starting a business involves many steps, but one of the most crucial is obtaining an

Starting on an entrepreneurial journey can be confusing, but it’s important to lay a strong
The United States requires its citizens, residents, and certain non-residents to report their foreign financial

For students in the US, loans and scholarships can significantly impact tax returns. Here’s a

Retirement is a significant milestone, decades of hard work. However, transitioning from a regular paycheck

Real estate investment is a lucrative venture, but it comes with its own set of
Research and Development (R&D) credits are not just incentives; they’re powerful tools that can significantly

In the world of showbiz, where every premiere and release is a spectacle, there’s a

In the dynamic world of healthcare, professionals are constantly juggling between patient care and administrative

The journey to parenthood can take many forms, and for some, surrogacy offers a viable

Real estate, as a tangible asset, often experiences appreciation over time. This growth can lead
The world of non-profits is a noble one, focusing on causes, communities, and change. Yet,

Embarking on an educational journey in the United States is thrilling for international students. However,
The diversified world of business spans across various industries, each characterized by its unique challenges,

Tax planning can often seem daunting, especially for individuals and businesses unfamiliar with the complicated

Navigating the world of tax-exempt status for non-profits can be tricky, especially when it comes

Introduction The rise of the digital age in an era where home-based businesses, freelancers, and

Introduction In the fast-paced world of start-ups, managing finances effectively is crucial. One often overlooked

Tax time can be a source of stress for many. While some individuals are worried

Bookkeeping basics Bookkeeping is recording and classifying day-to-day financial transactions that occur in a business.

Between managing daily operations, ensuring employee satisfaction, and keeping up with regulatory requirements, business owners

Unlike individuals who may only fret about taxes once a year, many small businesses must

Can you contribute to both a Roth IRA and a 401(k) in the same year?

Whether due to a simple oversight, a miscommunication, or unforeseen circumstances, many individuals find themselves

Running a small business can be akin to navigating a maze. There are corners to

In today’s competitive business environment, cost-cutting remains an essential strategy for companies looking to thrive.

1. Common Misconceptions about W9s and 1099s: Misconception 1: Many believe that if they don’t

Tax season can be a hectic time for individuals, businesses, and nonprofits alike. With so

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Filing taxes is a rite of passage for most adults, and a key component of

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Demystifying Cryptocurrency Taxes: What You Need to Know Introduction: Cryptocurrency has gained significant popularity in

Simplifying Ecommerce Taxes: A Comprehensive Guide for Amazon Sellers Introduction: The world of ecommerce, particularly

Title: Unpacking Tax Benefits for Small Business Owners in the US As a small business