Shield Your Business: Protecting What Matters Most Tax matters can be a labyrinth of complexities, especially for small business owners juggling a multitude of responsibilities. The mere thought of facing the Internal Revenue Service (IRS) can send shivers down the...
Steps to Prepare for the Corporate Transparency Act The Corporate Transparency Act (CTA), enacted as part of the Anti-Money Laundering Act of 2020, introduces significant changes in beneficial ownership reporting requirements for certain entities operating in the...
How Is the IRS Cracking Down on S-Corp Salaries? The IRS is turning its attention to S-Corporations (S-Corps) and the salaries paid to shareholder-employees. Ensuring that you are paying yourself a “reasonable compensation” is crucial to staying compliant...
QuickBooks and Audits: Your Essential Protection Guide The advancement of technology has revolutionized numerous aspects of our lives, including the realm of tax and accounting. With the advent of online tax programs and dedicated accounting software like QuickBooks,...
Increase Tax Deductions With the Business-Mileage Rule Using the Business Mileage tax deduction can be tricky. There are lots of situations that count while others do not. We don’t like commuting mileage. You should dislike it, too. It’s personal. It’s not deductible....
