Not every tax your business pays is deductible. Here is how to tell the difference.
Not all business taxes are deductible. Here is which business tax deductions you can claim and which ones the IRS will not allow.
Can a dentist or doctor deduct the full cost of equipment in year one? Yes, here is how.
Section 179 lets medical professionals and dentists write off qualifying equipment costs in the year of purchase. Here is how it works and how much you can save.
Can I pay myself anytime from my LLC without tax consequences?
For most LLC owners, taking a draw has no immediate tax consequences. But the exceptions depend on your structure and basis. Here is what to know.
The S-Corp election saves some LLC owners thousands. Here is how to check if you are one of them.
The S-Corp election can save you thousands in self-employment tax. It can also cost you more than you save. Here is how to know which situation you are in.
Do business owners need a salary, or can they just take draws?
The answer depends on your business structure. Here is what every business owner needs to know about paying themselves correctly and avoiding IRS problems.
Why am I profitable on paper but still short on cash after taxes?
Your income statement says you are doing well. Your bank account disagrees. Here is why that happens and what to do about it.
Are quarterly estimated taxes optional or mandatory for my business?
Most founders find out the hard way. Here is how to know whether you are required to pay, what happens if you do not, and how to make the math work when your income is unpredictable.