Business
Helpful tax resources for business owners
How is your business taxed?
Here you can find resources about the variety of options to invest in real estate properties, reduce and defer your tax liabilities, as well as available deductions and credits.
Latest articles about business taxation, available deductions, and entity structure
What’s New for Business Taxes?
Before filing taxes this tax season, it’s important for business owners to know what’s new for business taxes for 2023 and take advantage of the available deductions and credits. While some tax deductions are drawing…
Startup Costs: What You Need to Know
Startup costs follow different rules than ongoing business expenses. The IRS provides clear guidelines for deducting these startup costs, and understanding them can help you maximize your tax benefits.
Business interest expense: Is it deductible?
For many companies, interest expenses constitute a significant portion of their operating costs, which is why the deduction of these expenses is a valuable tax benefit for businesses. Understanding this deduction can help business owners…
Business structures for rentals
When investing in rental properties, one of the most important decisions you’ll face is choosing the right business structure. Your choice can have significant implications for liability, taxes, and operational management. In this post, we’ll…
Pros and Cons: S Corp and LLC
S Corporations (S Corps) and Limited Liability Companies (LLCs) are two popular business structures that have pros and cons. Choosing the right entity depends on your specific tax situation and business goals.
Tighter deductions and tougher reporting
Presently, tighter deductions and tougher reporting implemented in two legislations might affect your taxes. The American Rescue Plan of 2021 implemented lower thresholds for reporting third-party transactions. The Tax Cuts and Jobs Act (TCJA) of…
