Tracking Fringe Benefits as an S-Corporation Owner A Comprehensive Guide

Tracking Fringe Benefits as an S-Corporation Owner: A Comprehensive Guide

S-Corporation, Small Business Deductions, Taxes

Fringe benefits for S-Corp owners can be a tax minefield! Learn how to navigate the complex rules and regulations surrounding fringe benefits for S-Corp owners and employees. Discover which benefits are taxable, which are tax-exempt, and how to track them effectively to maximize tax advantages. Get expert tips on tracking health insurance premiums, retirement contributions, and more.

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What Is the Alternative Minimum Tax (AMT)?

What Is the Alternative Minimum Tax (AMT)?

Small Business Tips, Taxes

Discover how the Alternative Minimum Tax (AMT) can impact small business owners. Learn about AMT strategies to reduce or avoid this added tax burden, including timing deductions, exercising stock options, and maximizing regular tax deductions. Get expert advice to minimize your AMT liability and ensure your business’s financial success.

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Hire Your Child & Save Taxes: A Complete Guide

Hire Your Child & Save Taxes: A Complete Guide

Hiring Your Child, Small Business Tips

Want to save money on taxes and teach your child valuable life skills? Hiring your child to work for your business can be a mutually beneficial arrangement. This comprehensive guide walks you through the process, from determining eligibility to setting up payroll and maximizing tax benefits. Learn about the potential pitfalls, best practices, and real-world examples to make the most of this strategic move.

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