Have you had enough of paying large amounts of self-employment tax? For 2022, lawmakers levy the self-employment tax at the painfully high rate of 15.3 percent on the first $147,000 of net self-employment income. This 15.3 percent includes the Social Security tax of...
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 your tax bill and keep more of your hard-earned money. Here are four strategies to lower your Schedule C...
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...
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 Department of the Treasury’s Financial Crimes...
With 99% of US businesses classified as a small business, there is no doubt that they are the backbone of the U.S. economy. US laws provide a low barrier of entry for entrepreneurs to cultivate startups across the nation. It can be said that starting a business in...
