This is a unique trick we implement for several clients each year. If you previously paid a lot in Self-Employment Tax and for some reason had an LLC (sometimes a major mistake by other planners), you can easily still elect it to be taxed as an S-Corporation retroactively to January 1st, 2013
Travel and dining during the holidays can be a great impetus to have productive meetings with your board of directors, vendors and employees to make plans for the New Year.
Many entrepreneurs don’t realize it but as small-business owners we have more options to save on healthcare costs than any other group of Americans. The tax-planning and cost-saving strategies can be phenomenal.
I am convinced that the S-Corporation (S-Corp) is one of the most powerful long-term strategies to build upon.
First and foremost, remember the auto deduction isn’t travel, but expenses for your
When it comes to these ever increasing expenses and strategies to make us more successful in our business, we should be looking for ways to deduct them.
No one wants to pay extra penalties for not making a deposit with the IRS.
I challenge you to start off the New Year tracking your dining expenses
The PATH Tax Act of 2015. It is easily the most positive tax legislative action taken for small business in the past several years and extends several tax provisions and makes many more permanent.
This is certainly the season for giving and you shouldn’t be shy at