“Avoid These Common MistakesWhen Converting to an S Corporation” To get my complete articlewith all the details… Thinking of turning your business into an S corporation? This can be a very smart move... but be careful. VERY careful. You see, Big Brother (AKA the IRS) will bewatching you closely, and if you get thingswrong, you could pay a terrible price. I … [Read more...]
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Get Business Credits for Electric Vehicle Purchases
“Get Business Credits for Electric Vehicle Purchases” To get my complete articlewith all the details... Are you thinking of buying an electric car or plug-in hybrid for your business? Then my new article makes “must” reading. Why? Because I can show you how to qualify for a brandnew commercial clean-vehicle tax creditworth a whopping $40,000! And that’s … [Read more...]
Tax-free Conversion of a Partnership into an S Corporation
“Tax-free Conversion of a Partnershipinto an S Corporation” To get my complete articlewith all the details... Do you run your business as a partnership or LLC? [In this issue, I’ll refer to both of these ways of doing business as partnerships, because the partnership federal income-tax rules apply to both.] Then you may be considering turning your business … [Read more...]
When Partners and LLC Members Don’t Pay Self-Employment Taxes
Is your business an LLC, a partnership, or a similar entity? If it is, you need to read my new article. Why? Because the information in it can potentially save you a lot of money. How? By answering this vitally important question... Do you and your co-ownershave to pay self-employment taxes? Because you’re dealing with the IRS, there’s no simple answer to this … [Read more...]
Self-Employment: A Quick Guide To Tax and Savings Issues
Thinking of becoming self-employed? Before you take the leap, read my new article. Waving goodbye to your boss and going into business for yourself sounds wonderful. And it can be. But before you make the big move, you should be aware of the consequences of your decision. And there are many consequences. The good, the bad, and the ugly. Here’s the story in … [Read more...]