Most provisions of the new tax reform act kicked in beginning January 1, 2018. Taxpayers and tax professionals alike have been mulling what the provisions of the new law might mean – and how to be best get around them. Tops in the minds of many taxpayers: Should I incorporate now to save on taxes?
Read MoreTag: s-corporation
LLCs, S Corps & PCs: Choosing A Business Entity
(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series here.) When you’re getting started in
Read MoreTaxes From A To Z: U Is For Unreasonable Compensation
U is for Unreasonable Compensation. I don’t love S corporations. I know that my CPA friends love, love them but I don’t. While I agree
Read MoreCongress Hates Small Businesses
When I got up this morning, I was all set to blog more about the disaster that is (and let me type it out one
Read MoreAsk The Taxgirl: S Corporation Deductions For Subcontracting
Taxpayer asks: I own a S-Corporation. If I receive a project from my client and want to subcontract a part of it to another company,
Read MoreAsk The Taxgirl: Reporting For Single-Member LLCs & S Corporations
Taxpayer asks: Hi Tax Girl, I had income from multiple sources in 2008 – albeit, not much…it was a bad year 🙁 I briely worked
Read MoreS-s-s-s-smokin’!
Yet again, S corporations are the most popular corporate entity in the US, representing a whopping 61.9% of all corporate entities! Nearly 3.3 million S
Read MoreWhy Do I Feel Like Somebody’s Watching Me?
Because maybe there is somebody watching me. And that somebody is Uncle Sam. Yep, fresh off our firm’s annual unemployment compensation audit (we’ve been chosen almost
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