Double taxation is a significant concern for small business owners in the United States. It occurs when the same income is taxed twice: once at the corporate level and again at the individual level when profits are distributed
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Hello, Ensuring compliance with payroll taxes is vital for your business success. Here’s why it matters: Penalty Prevention: Avoid costly fines by processing payroll taxes accurately and on time. Employee Confidence: Demonstrate your commitment to your team’s financial
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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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