Dear Client, Many taxpayers find the differences between tax planning and tax preparation confusing. What’s the point of tax planning? Won’t you owe the same amount no matter what? Let’s take a look. Tax Planning Tax planning involves
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Dear client, We understand that managing your business’s finances can sometimes feel like navigating a complex maze. That’s why we’re here to simplify one important aspect: depreciation and amortization. These concepts might sound intimidating but understanding them can
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Dear client, As a S-Corp owner, do you need to pay yourself a wage? How much should you pay yourself? Does this need updating? These are all common questions, which we’ll address today. Do you need to pay
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What is BOI Reporting? Effective January 1, 2024, the Corporate Transparency Act (CTA) mandates many businesses must submit beneficial ownership information (BOI) to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This led to the National
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New Rule – Employee or Independent Contactor Article Highlights: New U.S. Department of Labor Rule New Six Factor Test The Department of Labor (DOL) has a new rule defining whether a worker is an independent contractor or an
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What is Beneficial Ownership Information Reporting? Beneficial Ownership Information (BOI) reporting is a federal requirement by the Corporate Transparency Act (CTA). BOI reports include information about all the company’s beneficial owners. Who is considered a Beneficial Owner? A
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