Reaching as many customers as possible is every small business owner’s goal. And if you’re a business owner who’s doing your best to remove barriers for customers and employees with disabilities, then in addition to expanding your business’ reach, you…
My clients sometimes ask me: Why am I paying the tax and not my business? In today’s post, I’ll explain pass-through taxation and how it affects your individual tax liability. Why am I paying the tax and not my business?…
With the majority of states now allowing a pass-through entity tax (PTET) election, my clients have been asking questions about PTET and what this means for their businesses. In today’s post, I’ll explain PTET and help you determine your next…
If you’re an S-Corporation owner wondering how you get paid, then go ahead and shout, “Show me the money!” In today’s post, I’ll break down the two ways S-Corporation owners get paid from their business. How is an S-Corporation different…
S-Corporation owners who want to sell their business should first look into whether an F Reorganization makes good tax and business sense for them. In today’s post, I’ll lay out the basics of F Reorganizations and explain how the process…
Social Security benefits are generally protected from most types of creditor actions, including garnishment. However, the Internal Revenue Service (IRS) has the authority to garnish Social Security payments for certain types of debts. In today’s post, I’ll explain the rules…
Viewing your investments like a farmer views their crops is a great way to ensure you’re cultivating growth, managing risks, and harvesting the highest yields. In today’s post, I’ll explain how you can use the tax-loss harvesting strategy to minimize…
The type of business structure, or business entity, you choose for your business will determine what rules you’ll need to follow when creating and operating your business. Your business structure also dictates how you’ll pay your taxes and how much…
Stipends are becoming a creative and attractive way for small business owners to compensate and reward their employees. In today’s article, I’ll explain what stipends are, how to set them up, and how they can affect your taxes. What is…
Hiring your kid to work for your business can be a rewarding learning experience for both of you. And it can come with big tax savings! You may have heard that S-Corporation owners and their kids can’t take advantage of…
