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…
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…
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…
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.
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.
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.
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.
Unlock the potential of tax loss harvesting to enhance your investment strategy. Our comprehensive guide explores how to navigate market dips for tax advantages.
Explore the nuances of the MN Pass-Through Entity Tax Election. Our detailed guide covers all aspects, from eligibility to strategic benefits, under the SALT cap regime for Minnesota business entities.
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