Where Should You Form Your LLC?
If you are like most LLC owners, you started your LLC to Make Money Reduce liability Reduce taxes Increase privacy. You did not start your LLC to pay more fees and complicate your life. But
S-Corp Home Office Deductions and More
As an S-corp owner, you have two main optionsfor home office deductions. Remember that you are the owner and anemployee of your S-corp. Your S-corp can pay rent to you for the homeoffice. With this
Top 9 Business Tax Deductions for 2021
Making money with your small business is an adventure. Keeping it sometimes seems impossible. With expenses, labor, marketing, and taxes money seems to flow out of your business as fast as it comes in. One
1099s – What Are They and Why Are They Important?
When it comes to 1099s, many business owners don’t know they need to file them. Not knowing is dangerous because the penalties add up quickly when it comes to 1099 mishaps. With that in mind,
Marginal vs. Effective Tax Rates
Understanding marginal and effective tax rates is important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a progressive tax
Salaried Employees can receive time and a half
Mandatory legal stuff: The below advice is considered general advice. It may or may not apply to your specific situation. Please contact us with your specific questions. Just because an employee is considered “salary” does