Thinking about starting a business with a partner? Learn all about multi-member limited liability companies (MMLLCs): their benefits, tax implications, and how they differ from other business structures. Discover how to convert your single-member LLC into an MMLLC and set your business up for success.
Learn about the role of a limited partner in a business partnership. Discover the tax implications, advantages, and disadvantages of being a limited partner. Understand the differences between limited and general partners, and how to navigate the legal and financial aspects of this business structure.
Discover how having kids can actually save you money on your taxes! Learn about the Child Tax Credit and Credit for Other Dependents, including eligibility, amounts, and how to claim them. Maximize your tax refund and minimize your tax burden with this helpful guide.
A simplified explanation of self-employment taxes, covering what they are, how they’re calculated, and payment tips.
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.
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.
Navigating small business taxes? Get answers to your top questions about filing, deductions, quarterly payments, and more. Learn how to optimize your tax strategy, avoid penalties, and maximize your financial success.
Confused about your child’s first paycheck and taxes? Learn if your kid needs to file a federal or state income tax return based on their age, income type, and location. Get expert advice on earned vs. unearned income, self-employment taxes, and how to claim refunds.
Accountable plans can significantly reduce taxes for S-Corp owners. Learn how to implement an accountable plan to reimburse business expenses tax-free and save big on payroll and income taxes. Discover the requirements, benefits, and steps to create an effective accountable plan for your S-Corp.
Stay ahead of the game with our breakdown of the top 3 tax changes for 2024. Learn about new early withdrawal penalty exceptions, Beneficial Ownership Information (BOI) reporting requirements, and NFT tax implications. Protect your wallet and business from unexpected tax bills.
