What is the Inflation Reduction Act of 2022 The goal of the Inflation Reduction Act (IRA) of 2022 is to “make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by...
Tax Strategies to Reduce Your Taxes as a Schedule C Taxpayer: Maximize Deductions and Save Big Tax strategies to lower your schedule c taxes – As a small business owner, you know that tax season can be stressful. But with some planning, you can reduce...
Strategies for saving big money as an S Corp Owner Are you tired of paying massive amounts of money to the government? Strategy is essential when it comes to anything in life, but especially when it comes to saving money. Many different techniques can be used when it...
Things You Need to Know About FinCEN’s New Rules There is a new FinCEN filing requirement coming soon. The Corporate Transparency Act (CTA), a new law passed in 2021, requires corporations, LLCs, and other business entities to provide specified information to...
The Impact of QBI on Your Business Withdrawal Strategy We get a lot of questions about the best ways to take money out of a business and how this money is taxed. Essentially, for S-Corporation owners, there are two main ways to do this: Owner’s Draw or W2 Wages....
