Clarifying Employee vs. Independent Contractor Classification: A Guide for Business Owners

January 13, 2024

Correctly classifying workers as either employees or independent contractors is crucial for business owners, as it has significant tax implications.

Understanding the 1099 Filing Requirements for Business Owners

January 4, 2024

As a business owner, adhering to IRS regulations is crucial, especially when it comes to filing 1099 forms.

Understanding Tax Implications in S-Corporations: Profits, Distributions, and Basis

December 31, 2023

As a flow-through entity, an S-Corporation’s income is taxed based on profit, not on distributions to owners.

Navigating Section 179 Deductions for Financed Equipment in S-Corporations

December 30, 2023

S-Corporations have the advantage of claiming immediate deductions under Section 179 for equipment purchases, even when the equipment is financed. However, this can lead to a scenario where future cash…

Key Updates to Minnesota Tax Laws: Impact on Individuals

December 23, 2023

Stay informed about the latest tax law updates affecting individuals, including the new net investment tax, public pension income subtraction, and more. Learn how these changes in 2023 and beyond…

Health Savings Account Contributions for S-Corporation Owners

December 22, 2023

For owners of S-Corporations understanding how to contribute to a Health Savings Account (HSA) can lead to significant tax advantages and healthcare savings. This post explores the rules and benefits…

20 Innovative Ways Business Owners Can Utilize A.I.

December 12, 2023

Discover 20 innovative ways business owners can utilize ChatGPT and AI in our comprehensive blog post. Learn how to enhance business plans, marketing, customer service, and more with AI technology.

Navigating Reasonable Compensation for S-Corporation Officers: An In-Depth Guide

December 11, 2023

Explore the intricacies of setting reasonable compensation in S-Corporations with our detailed guide. Learn about IRS guidelines, key factors for wage determination, and strategies to ensure compliance and tax efficiency.

11 Vital Year-End Tax Planning Strategies for Businesses

December 7, 2023

Explore essential IRS tax credits and deductions for businesses. Our guide succinctly breaks down each incentive, helping you identify and leverage key tax-saving opportunities for your company.

Navigating Tax Credits and Deductions for Your Business: An IRS Guide

December 7, 2023

Explore essential IRS tax credits and deductions for businesses. Our guide succinctly breaks down each incentive, helping you identify and leverage key tax-saving opportunities for your company.

Navigating the Numbers

Recent Learning Center Articles

Clarifying Employee vs. Independent Contractor Classification: A Guide for Business Owners

Understanding the 1099 Filing Requirements for Business Owners

Understanding Tax Implications in S-Corporations: Profits, Distributions, and Basis

Navigating Section 179 Deductions for Financed Equipment in S-Corporations

Key Updates to Minnesota Tax Laws: Impact on Individuals

Health Savings Account Contributions for S-Corporation Owners

20 Innovative Ways Business Owners Can Utilize A.I.

Navigating Reasonable Compensation for S-Corporation Officers: An In-Depth Guide

11 Vital Year-End Tax Planning Strategies for Businesses

Navigating Tax Credits and Deductions for Your Business: An IRS Guide

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