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....
The Impact of No Taxation Without Representation Today Early American colonists adopted what is commonly considered their first slogan of “No taxation without representation”. While this slogan specifically regarded their requirement to pay taxes to Britain without...
A Step-by-Step Guide to Finding Your Tax Refund We’re in the last quarter of 2021 and the IRS is struggling with a huge stockpile of tax returns and refunds waiting to be processed which creates stress for filers. Although the IRS guaranteed taxpayers at the...
Is the Child Tax Credit Increasing Due To the American Recovery Act? Hey, folks, just want to take a quick minute or two to talk about the changes to the child tax credit. So the American rescue plan was just signed into law just recently by President Joe Biden....
Key Tax Changes from the American Rescue Plan Hey y’all! I wanted to take a quick minute to talk about the unemployment changes as part of the new American rescue plan, which was just recently passed by President Joe Biden. This does a couple of things. So the...
