by Steven J Weil, PhD, EA, LCAM | Mar 9, 2023 | Blog, Business Tax
Commonly Overlooked Business Tax Deductions There are several business tax deductions that are often overlooked but can potentially save you a significant amount of money on your taxes. Here are some of the most commonly overlooked business tax deductions: Home Office...
by Steven J Weil, PhD, EA, LCAM | Feb 20, 2023 | Blog, Business Tax
Unlike regular (non-S-Corporations) S-Corporations do NOT pay income tax. Instead they are considered pass-through entities. This means that the business’s profits, losses, and other items of the S-Corporation are passed through to the owners/shareholders in the year...
by Steven J Weil, PhD, EA, LCAM | Feb 13, 2023 | Blog, Business Tax
To make the election to be treated under Sub Chapter S of the Internal Revenue Service Code a corporation must: 1) Be a U.S. Corporation (one set up under the laws of any state) of another entity that makes an election to be treated as a corporation under the tax code...
by Steven J Weil, PhD, EA, LCAM | Dec 19, 2022 | Blog
Hiring the kids moves income from being taxed at your tax bracket to being taxed at theirs which could be as low as zero percent. While this method of moving income from your tax bracket to that of your children, or even grandchildren, is perfectly legal, it does...
by Steven J Weil, PhD, EA, LCAM | Nov 26, 2019 | Blog, Business Tax, Personal Tax
We have been making a list and checking it twice, trying to separate the naughty tax changes for those that are nice. Join us for a tax update that will help you focus on the that changes that will allow you to reduce your tax bill this year. This free seminar will...
