Optimize Your S-corp Payroll, Save Big on Taxes
One of the most important elements of tax planning for S-corporation owners is to consider the amount of W-2 salary paid to the owner of the business.
12/17/2021
A collection of practical accounting, payroll, and tax content
One of the most important elements of tax planning for S-corporation owners is to consider the amount of W-2 salary paid to the owner of the business.
It’s 7:00 PM on April 15 you’ve just written a check to the Internal Revenue Service for $23,450. You’re scratching your head wondering why Uncle
One of the most significant expenses a business owner will pay throughout their lifetime is taxes.
The reality is that 95% of business owners are overpaying the IRS every year without knowing it!
When you compound overpaid taxes over decades, the difference could result in you retiring an entire decade earlier.
One key strategy to lower your tax bill before the end of the year is to manipulate the timing of recognizing income and deductions when
Do you know when you can claim a deduction and when you have to defer it? Claiming a deduction on a business return sounds pretty
Did you know that 2018 was the HUGE tax savings year for business owners when the President signed into law a shiny new deduction –
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