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Navigating around Limits on Meals and Entertainment

August 12, 2024

The topic of business meal expenses and entertainment can be a lengthy discussion. In the context of business expenses, entertainment […]

15 Exceptions to 10% Penalty on Early IRA Withdrawals

August 5, 2024

Early withdrawals from a traditional IRA before age 59 1/2 generally incur a 10 percent penalty tax on the taxable […]

Tax Reform Double Down on S Corporation Reasonable Compensation

July 8, 2024

From 2018 to 2025, the Tax Cuts and Jobs Act is offering a 20 percent deduction on pass-through business income, […]

Guide to Closing Your Sole Proprietorship

July 1, 2024

As you consider shutting down your sole proprietorship or your single-member LLC treated as a sole proprietorship for tax purposes, […]

The Power of Cost Segregation for Property Investments

June 24, 2024

One significant tax benefit of owning residential rental property or non-residential commercial or investment property is depreciation—a deduction you get […]

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