Corporate Taxes
Distributions vs. Reasonable Compensation
Taxpayers who fully own or partially own an S-Corp and work for the corporation have two ways of pulling money out of the corporation.
October 11, 2023
Personal Taxes
SEP IRA, SIMPLE IRA or SOLO IRA
Should I contribute to a SEP IRA, a SIMPLE IRA, or a Solo-401K? Being Self-employed has some great benefits but one of the best is
September 8, 2023
Corporate Taxes
Should I Incorporate as an S-Corp or an LLC?
There are many business entities that owners can consider when choosing to incorporate. The two most popular are Limited Liability Companies (LLCs) and Subchapter S
June 7, 2023
Personal Taxes
What is a Deduction?
When tax season comes around people love to talk about deductions. Tax deductions, put in the simplest way, are items that lower your taxable income
January 30, 2023
Personal Taxes
Estimated Payments
In our income tax system, you are supposed to pay income tax on the income when you earn it. This means you are supposed to
January 5, 2023
Corporate Taxes
1% Excise Tax on Corporate Stock Buyback
Stock buybacks are a common corporate strategy to boost stock prices and increase shareholder value. A significant amount of buybacks take place in the United
November 18, 2022
New Tax Guidelines
IRS Budget Increase
Key points: The IRS got $80 billion to beef up and target rich tax evaders The big climate and health care bill passed by the
October 12, 2022