Owner’s draw vs. salary: how each is taxed differently, which entity types allow which option, and which saves more taxes.
Tax strategy vs. tax prep: why your CPA isn’t calling mid-year and what it costs you. Proactive Planning for $50K-$100K revenue owners.
How to calculate a defensible S-Corp reasonable salary — real numbers, IRS red flags, and what triggers audits.
See exactly when an S-Corp election saves you $3K-$9K a year — and the real cost to set it up. Simple math for $50K-$100K revenue businesses.
QIn the complex world of tax and financial planning, one of the areas that often confuses even the most seasoned professional is Medicare. The government program, designed to provide health…
Q In 2014, the IRS issued Notice 2014-21, 2014-16 I.R.B. 938, explaining that virtual currency is treated as property for federal income tax purposes and providing examples of how longstanding tax…