Paying Compensation vs. Dividends in a Closely Held C Corporation: The Tax ImplicationsBecause the American Taxpayer Relief Act of 2012 changed only individual tax rates (corporate rates stayed the same), the law changed the...
The Different Ways Business Owners Can Pay ThemselvesAs an owner, you have a lot of responsibilities. That’s why it’s so important to pay yourself appropriately for all the work you do. But...
Dealing with fraudulent or Incorrect 1099sWhat is a 1099? Generally, if you made or received payment during the year as a business or a self-employed individual, you will be...
7 tax rules that apply to non-cash charitable donationsIf you want to claim itemized deductions for non-cash charitable donations on your Form 1040, here's what we need: Here’s a quick summary...