A Limited Liability Company (LLC) is one of the most versatile and popular business structures in the United States. Business owners choose LLCs for their flexibility in taxation, limited personal
The tax landscape around moving expenses has seen significant changes in recent years, and it’s crucial for business owners to stay informed about the current rules. While the moving expense
Running a business as a partnership offers numerous advantages, but it also comes with its own set of responsibilities and tax considerations. Whether you’re new to partnerships or a seasoned
For business owners in the real estate industry, navigating the complex world of tax benefits can feel overwhelming. However, qualifying as a real estate professional can unlock significant tax savings
As rideshare services such as Uber and Lyft continue to grow, many individuals are taking the opportunity to work as drivers. While this can be a flexible and lucrative endeavor,
Starting a business is an exciting and challenging endeavor that requires careful planning and execution. A successful business launch goes beyond just having a great idea—it involves a comprehensive understanding
Understanding the Nuances for Business OwnersFor many small business owners in the U.S., forming a limited liability company (LLC) or a partnership is a common way to structure their businesses.
If you were self-employed during 2021 and faced challenges due to COVID-19, you might be sitting on a financial windfall without even knowing it. The U.S. government provided special tax
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
As a business owner, properly managing your employment tax obligations is not just a legal requirement—it’s a crucial aspect of running a successful and ethical business. The potential consequences of