Archive for April 2021
Succession Planning and Taxes: What You Need to Know
If you own a business, planning for future transitions and taxation should start now. Key takeaways Business structure matters for taxes, whether it’s a pass-through entity, S or C corporation, or another entity The Tax Cuts and Jobs Act lowered the corporate tax rate, and it also created the qualified business income deduction for pass-through…
Read MoreShould You Hire a W-2 Employee or a Contractor?
When you need more people for your business, weigh the pros and cons of hiring an employee versus an independent contractor.
Read MoreDo I Need to Pay Estimated Tax to the IRS?
If you are a small business owner or independent contractor, you probably need to pay estimated tax each quarter. Here is a guide to this obligation.
Read MoreWhat Are the Tax Implications of Working Remotely?
Many Americans have now shifted to a remote work environment. What does the change mean for your taxes?
Read More