by Ryan Burke, CPA, MSF | Sep 14, 2023 | Blog, Tax, Uncategorized
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to...
by Ryan Burke, CPA, MSF | Aug 24, 2023 | Business, Tax, Uncategorized
Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of your closely held corporation, be aware of the possible tax implications. If your corporation defaults...
by Ryan Burke, CPA, MSF | Aug 17, 2023 | Business
Every business should dedicate time and resources to cybersecurity. Hackers are out there, in many cases far across the globe, and they’re on the prowl for vulnerable companies. These criminals typically strike at random — doing damage to not only a business’s ability...
by Ryan Burke, CPA, MSF | Aug 4, 2023 | Business, Tax
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know your options for setting it up. Here are the basics of...
by Ryan Burke, CPA, MSF | Jul 20, 2023 | Business, Tax
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023, the self-employment tax is imposed at the painfully high rate of 15.3% on the first $160,200 of net SE income. This includes...
