Know the $75 Rule for Business Expenses The $75 rule applies to certain business expenses where you do not need a receipt. But we emphasize that this rule does not apply to all tax deductions. Many taxpayers mistakenly apply the $75 rule to all their tax deductions,...
As the real estate market has cooled off in many parts of the country, investing in property may seem wise in the long run. But taxes can be a significant concern. Owning real estate in a C corporation may not be wise when considering taxes because it puts you at risk...
2023 Health Insurance for S Corporation Owners: An Update Here’s an update on the latest developments in 2023 health insurance for S Corporation Owners. As a more-than-2-percent S Corporation Owner, you are entitled to some good news when it comes to your health...
When you think of a CPA firm that seems to have it all together, what comes to your mind? Is it their services and customers? The size of their firm or funding? Maybe it’s their impact in the accounting and business communities? Successful accounting firms are...
No matter how small your business is, having a tax and financial advisor can be beneficial. If you want to be serious about your business, we recommend you hire a CPA firm, not just an accountant. An accountant is a general term for anyone in the tax or finance...
