Reasonable Compensation and S Corporations
Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses
Why Employee Classification Matters
Ultimately, it all comes down to the difference between salary and hourly pay employees. Learn more:
Too Many Transactions in QuickBooks Online? Create Rules
It’s important to categorize transactions, but it takes time. If every day brings several dozen into QuickBooks Online, you can automate this process.
Owe the IRS Money? How Long Do They Have to Collect?
The IRS generally only has three years from the April filing due date or the date you filed your return, if later, to assess additional taxes. Read more.
The Significance of Releasing a Child’s Dependency
If you are a custodial parent, you may release a child’s dependency to the non-custodial parent for tax purposes. Watch this video for how your taxes may change.
Chief, a women-led company, is doing its level best to keep that torch ablaze.
Chief is a private network that offers women in the C-Suite a much-needed breath of fresh air – and the breath became a wind that blows ever more strongly today.
Small Business Owners May Qualify for a Home-Office Deduction
Home office; is a type of tax deduction that applies to the business use of a home; the space itself may not actually be an office. One of the foll
It’s important to go about selling an investment property the right way to minimize the tax implications.
There are a variety of investment property tax-planning strategies that will provide you with significant benefits.