Interested in passive business ownership & the tax benefits? This article explains the IRS requirements for qualifying & the advantages of passive income. Learn how to achieve passive ownership & navigate the IRS rules.
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Small Business Tips
Confused about LLC vs S Corp? This guide explains the differences in taxes, formation, and helps you choose the best structure for your business. Learn how to avoid double taxation and potentially save money!
Need a Registered Agent for Your Business? This guide explains what a registered agent does, why your business might need one, and who can serve in this role. Learn the requirements, how to choose the right agent, and how it can help with taxes.
Restricted stock units (RSUs) are a form of compensation offered by some companies to their employees. RSUs are taxed differently than regular income. This article explains how RSUs are taxed and what you need to know about them.
Struggling with Sales Tax for Your Small Business? Get the Ultimate Guide Here! Learn about state sales tax, nexus, & how to get your EIN & state sales tax ID number. Stop stressing & simplify your business finances!
Thinking about renting out a property? Learn how to maximize your tax deductions with the 199A deduction for rental property owners. This article explains what the 199A deduction is, how it works, and how you can qualify for it. Minimize your tax bill and keep more money in your pocket!
Learn how to leverage real estate loss deductions on your taxes with strategies for active participation, the Augusta Rule, and real estate professional status. Ensure you’re saving effectively.
Understand how to deduct business meals and entertainment expenses with our guide. Learn about the 50% and 100% deduction rules and how to qualify.
Learn about stock certificate requirements for S-Corporations, including electronic record-keeping practices and guidelines for maintaining IRS compliance.
Learn how to change your business’s accounting method using IRS Form 3115, covering accrual vs. cash basis, filing procedures, and IRS compliance tips.