The Top 5 IRS Red Flags for Small Business
When it comes to running a business, one of the last things you want is to attract the attention of the IRS. Unfortunately, certain common tax...
tax
What Is a W-9 and Who Is Required to Fill It Out?
A Form W-9 is an important document used by businesses to request the taxpayer identification number (TIN) of individuals, entities, or certain types...
Why You Should Buy Real Estate for Your Small Business
When we set out to start or buy a business, our minds are often preoccupied with finding customers, building a team, and scaling growth. Little did...
Backdoor Roth IRAs: The Hidden Retirement Tool
In the ever-evolving world of finance, there are always new techniques and strategies emerging to help individuals save for their retirement. One...
Top 3 Tax Strategies Your CPA Could Be Missing
As a firm that has been in existence for 60 years, we’ve seen all there is to see in reviewing tax returns in the marketplace. Some are a little… out...
How Do S Corporations Get Taxed?
One of most frequent questions we hear from business owners is around how an S Corporation works. Now, almost every business we work with has a tax...
Understanding Pass-Through Entity Taxation: Save Thousands in Taxes
Pass-through entity taxation is a concept that might sound complex at first, but it's actually a game-changer for small business owners. In this...
Demystifying BOI: Guide to Beneficial Ownership Information Reporting
Many small business owners may feel overwhelmed at the thought of yet another reporting requirement. However, BOI, or beneficial ownership reporting...
Make the Most of End of Year Bonuses for Your Employees
Year-end planning is focused on reducing taxable profit. One popular way to reward employees and mitigate taxes is by issuing year-end bonuses. ...
Maximizing Depreciation for the Best Tax Position
When it comes to maximizing depreciation deductions before the end of the year, timing is critical. It's important to start thinking about this well...
Managing, Reducing and Controlling Debt
Debt can be a double-edged sword when it comes to its impact on a business. It has the potential to either propel a company towards success or plunge...
How Charitable Donations Impact Tax Deductions
When it comes to charitable donations, there are various ways businesses can approach it. One common question is about providing services to...