When it comes to tax planning, business structure plays a vital role. For many small business owners, electing S Corporation status offers valuable tax benefits. But what exactly does it
A recent U.S. Supreme Court ruling has sent ripples through the world of small business, with significant implications for how closely held businesses are valued for estate tax purposes. The
As a business owner, you are likely always on the lookout for ways to maximize your tax deductions. One often-overlooked opportunity lies in the use of a timeshare, especially if
As a business owner, one of the most critical decisions you’ll make is selecting the right legal structure for your enterprise. This choice can significantly affect your taxes, liability, and
Internal theft can be a devastating blow to any business, large or small. A recent case involving Christine Fletcher, a personal assistant who embezzled over two million dollars from her
In today’s competitive job market, attracting top-quality job candidates can be challenging for business owners. Offering an attractive fringe benefits package is a crucial strategy for gaining an edge over
As a business owner, navigating self-employment taxes can be challenging, especially if you’re an active limited partner in a partnership. Recent IRS rulings and court decisions have clarified that simply
Combining business travel with personal leisure can be a smart way to take a break while also saving on taxes. By ensuring that the primary purpose of your trip is
This blog post explains why S corporation owners shouldn’t rent their home office to their business and instead opt for employee reimbursement. It outlines the tax-efficient strategy of having the
This post explains how business owners can get a valuable tax deduction by writing off the remaining basis of an old roof, elevator, HVAC system or other building components when