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 Megan Kosciolek, MST | Dec 22, 2022 | Blog, Business, Tax
There are a few partnership-specific provisions in the Tax Cuts and Jobs Act (TCJA) that could impact how you compensate yourself. Specifically, if you receive a guaranteed payment, you should make sure you’re aware of how the QBI deduction works along with current...
