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How To Pay Yourself From Your LLC Or S Corp
How To Pay Yourself From An LLC Or An S Corp As a business owner, deciding how to pay yourself can be a tricky task. How you pay yourself will dictate how you are taxed on your business and personal income. Paying yourself the right way from your LLC or S Corp can...
Qualified Business Meals Are 100% Deductible Until 2023
When the Tax Cuts and Jobs Act was passed in 2017, there were significant changes to the tax code for companies. Some of the changes were helpful, and some hurt businesses. For example, the QBI tax deduction helps significantly, which allows businesses to deduct 20%...
Personal Standard Deduction vs Personal Itemized Deductions
Tax season is here and when it comes to filing your personal taxes it is important to know whether or not you should take the standard deduction or itemize your personal deductions. You can either take the standard deduction or you can choose to itemize, you cannot do...