One of the biggest benefits of setting up an S corporation is avoiding double taxation by not paying corporate income tax. Shareholders absorb profits and losses, paying tax when they…

After a natural disaster like a hurricane, flood or wildfire, small businesses struggle to cope with the fallout. Even if your company isn’t directly in the path of the destruction,…

Are you in for a big surprise at tax time? If you’re about to retire or are newly-retired without a plan for IRS withholding, you could receive a shockingly high…

Do you know payments your business makes under state and local tax credit programs may be tax deductible? The Internal Revenue Service (IRS) has issued a clarification to help business…

Small business owners using the 20% tax break for pass-through entities should pay close attention to a new rule change proposed by the Internal Revenue Service (IRS). The change would…