Almost all the clients we’ve helped already have a bookkeeper, accountant, or CPA; some are even their family members or friends. Unfortunately, we found it’s very rare that they are also tax strategists.
House Committee on Ways and Means and Chairman Richard Neal (D-MA) have released the initial draft of their portion of the reconciliation package that plans to fund $3.5 trillion in new spending.
Download our free tax strategies e-book, intended to help you maximize savings within your business and hopefully utilize those savings to put towards the growth of your business. As you walk through each tip and trick, take a minute to reflect on whether or not this could help benefit your business in the current year or future years to come.
The number of business owners who I have met that are overpaying on their taxes is astonishing. Many of them were already working with a CPA.
Almost all the clients we helped already have a bookkeeper, accountant, or CPA; some are even their family members or friends. Unfortunately, we found it is very rare that they are also tax strategists.
The IRS will facilitate the grant of relief to late-filing S Elections entities by consolidating many other revenue procedures.
A C-Corporation structure may be more beneficial. Under the Tax Cuts and Jobs Act, corporate income tax rates are a flat 21% compared to individual tax rates.
If you are a sole-proprietor operating with an LLC, you can elect to be treated as an S-corporation for tax purposes.