What Is a W-9 and Who Is Required to Fill It Out?
A Form W-9 is an important document used by businesses to request the taxpayer identification number (TIN) of individuals, entities, or certain types...
small business tax
Why You Should Buy Real Estate for Your Small Business
When we set out to start or buy a business, our minds are often preoccupied with finding customers, building a team, and scaling growth. Little did...
Top 3 Tax Strategies Your CPA Could Be Missing
As a firm that has been in existence for 60 years, we’ve seen all there is to see in reviewing tax returns in the marketplace. Some are a little… out...
How Do S Corporations Get Taxed?
One of most frequent questions we hear from business owners is around how an S Corporation works. Now, almost every business we work with has a tax...
Understanding Pass-Through Entity Taxation: Save Thousands in Taxes
Pass-through entity taxation is a concept that might sound complex at first, but it's actually a game-changer for small business owners. In this...
Demystifying BOI: Guide to Beneficial Ownership Information Reporting
Many small business owners may feel overwhelmed at the thought of yet another reporting requirement. However, BOI, or beneficial ownership reporting...
Make the Most of End of Year Bonuses for Your Employees
Year-end planning is focused on reducing taxable profit. One popular way to reward employees and mitigate taxes is by issuing year-end bonuses. ...
Maximizing Depreciation for the Best Tax Position
When it comes to maximizing depreciation deductions before the end of the year, timing is critical. It's important to start thinking about this well...
Managing, Reducing and Controlling Debt
Debt can be a double-edged sword when it comes to its impact on a business. It has the potential to either propel a company towards success or plunge...
How Charitable Donations Impact Tax Deductions
When it comes to charitable donations, there are various ways businesses can approach it. One common question is about providing services to...
Denied Deductions for Inadequate Business Records
In order to claim a deduction, the federal tax law requires that you provide evidence for a trade or business expense. This means you must show the...
Section 1202 Exclusion: Save Huge on Taxes When Selling Your Business
Your business means the world to you. You’ve fostered it from the beginning, working tirelessly to make sure that it has every opportunity for your...