Tax

Read on to see how much the new standard business mileage rate will be for 2022 Business tax returns and how to use it.

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]

Business owners quick guide to Guaranteed Payments and QBI Deductions.

Read to learn all about key deadlines for 2023 Q

Don’t sell your stock shares at a loss until you read about the wash sale rule.

Read to learn if your business qualifies for a QBI deduction.

Summary of the advantages and disadvantages of starting a C-Corporation.

Tax-harvesting. When is the right time to use this strategy?

Read to learn about final tax responsibilities when you are closing your business.