Tax Cuts and Jobs Act Summary
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have…
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Is Your S-Corporation Paying Reasonable Compensation?
No one likes to pay more in taxes than they have to. The desire to minimize taxes makes S-corporations a great choice for many small businesses. Like all pass-through entities,…
How to Calculate Safe Harbor Estimated Tax Payments
Do you have income from sources that don’t automatically withhold taxes? This might be income from investments, rentals, self-employment, or payments for services performed as a contractor. The IRS (and…
How to Choose the Right Entity Type for Your Business
Choosing an entity type is a crucial early decision for your new business. The best choice depends on the nature of your business, whether you now have or plan to…
Should You Offer a 401k Plan?
Offering a 401K plan can be a great benefit for both the owner of a business and its employees. But a 401K requires time, money and some human resource acumen…
How to Exclude Up To $500,000 of Gain on the Sale of Your Home
What would you do with an additional $250,000 or $500,000 of tax-free income? Selling your home at a gain is one of the few ways the IRS allows you to…