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Thinking About Starting a Business? Here are the Benefits and Drawbacks on C Corporations
When figuring out how to structure your business, one option to consider is a C corporation. Let's break down its perks and drawbacks.
Apr 9, 2025


2025 Tax Limit Increases for Businesses
For 2025, several tax-related limits have increased. We’ve summarized the major changes that may affect you and your business.
Apr 3, 2025


Home Office Tax Deductions: What Business Owners Need to Know
Maximize tax savings with home office deductions. We’ll help you claim them correctly, determine eligibility, and optimize your return.
Mar 7, 2025


Section 1231: Understanding the Capital Gains and Losses of Selling Business Assets
Navigating the tax implications of selling business assets, particularly Section 1231 property, requires careful planning.
Mar 5, 2025


Changes in the 2025 Standard Mileage Rate
The 2025 IRS mileage rate is 70 cents per mile, up from 67 cents. Businesses can deduct actual costs or use this rate. Consult with us.
Feb 24, 2025


How to Deduct Local Transportation Costs for Your Small Business
Deduct travel between business sites but not commuting. Self-employed can claim costs now; employees must wait until 2026, pending tax law.
Feb 5, 2025


Looking Ahead: Sales Forecasting for Businesses
Accurately project future sales with forecasting! Use data and insights to set goals, allocate resources, and spot risks. We can help!
Jan 14, 2025


Retirement Plans for Growing Businesses: A Simple Guide
Boost employee benefits with 401(k)s, SEP-IRAs, or SIMPLE IRAs—each offers unique perks, limits, and tax advantages for growing businesses.
Jan 10, 2025


Cash Flow Statements: How to Make Sense of Them
Cash flow statements reveal a company’s performance and health. Here's a simple guide to its parts and why they’re important.
Dec 13, 2024


Mastering Working Capital Management: A Key to Business Success
Balance liquidity and growth with smart working capital management. Optimize receivables, payables, and inventory for lasting success.
Dec 4, 2024


Hobby vs Business: How will the IRS Evaluate My Business Activities
To deduct losses, you must prove your business is not a hobby. Profit intent must be shown through records, time, and expertise. Contact us
Nov 4, 2024


Should You Separate Real Estate Ownership from Your Business?
Separating real estate ownership from your business may reduce double taxation and boost asset protection. Contact us to learn more.
Nov 1, 2024


Key Tax Considerations for Partnership and LLC Operating Agreements
Draft partnership and LLC agreements to address key tax issues like guaranteed payments, partner liabilities, and retiree payouts. Read more
Oct 29, 2024


Understanding your Obligations: Does your Business need to Report Employee Health Coverage?
Employers with 50+ full-time employees must file IRS Forms 1094-C and 1095-C to report health coverage and avoid ACA penalties. Contact us!
Oct 21, 2024


Partnerships and Multi-Member LLCs: Key Tax Considerations
Partnerships and LLCs offer pass-through taxation, special allocations, and must plan for tax liabilities with proper agreements.
Oct 16, 2024


Cash or Accrual Accounting: What’s best for tax purposes?
Your business may qualify for cash or accrual accounting. Each has benefits—contact us to find the best tax method for your situation!
Oct 15, 2024


Prepare for Potential Tax Law Changes: How Upcoming Elections Could Impact U.S. Business Taxes
The 2024 elections could change U.S. business taxes as key parts of the TCJA expire in 2025. Stay informed on potential tax law updates.
Oct 11, 2024


Home Office Tax Deductions
Remote work is on the rise. Self-employed? You may qualify for tax deductions if you use your home office regularly and exclusively.
Oct 8, 2024


2024 Q4 Tax Calendar: Key Deadlines for Businesses
Key tax deadlines for employers in Q4 2024. Ensure timely filings and payments. Contact our team for more details.
Sep 26, 2024


6 Key Elements of a Business Budget
Every business needs a budget - a fundamental part of managing it. Follow these 6 guidelines to create one that best fits your business.
Sep 24, 2024
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