“How To Shut DownYour S Corporation” To get my complete articlewith all the details… “Parting is such sweet sorrow” said Juliet to Romeo. Well, shutting down your S corporation can also be sweet or sorrow. It all depends on how you face federal income-tax issues for both the corporation and its shareholders. There are basically two ways you can go (and I am … [Read more...]
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Unlock Bigger Savings with Your Home Investment – Learn How!
“Unlock Bigger Savings with YourHome Investment – Learn How!” To get my complete articlewith all the details… Are you exploring innovative strategies to maximize your investment in real estate? If so, we’ve got some insights for you! Our latest article, Shedding Doubts about Selling Your Home to Your S Corporation, offers a strong approach to increasing your cash flow … [Read more...]
Navigating the New BOI Reporting Requirements
"Navigating the NewBOI Reporting Requirements" To get my complete articlewith all the details… In light of recent legislative changes, you should stay informed about the Corporate Transparency Act (CTA) and how it impacts your business. Effective January 1, 2024, the CTA mandates that most small and medium-sized businesses submit a Beneficial Ownership Information … [Read more...]
Create an employee-spouse “105-HRA”
Create an employee-spouse“105-HRA” To get my complete articlewith all the details… It’s a fact... The Affordable Care Act doesn’t apply to a business that has only one employee. That’s good news is your spouse is that employee. Your spouse (and you) can benefit from what I call a “105-HRA” (Health Reimbursement Arrangement). When you design it for your … [Read more...]
Create a tax-free deduction for your smart phone
"Create a tax-freededuction for your smart phone" To get my complete articlewith all the details… Here’s good news (for a change!) from the IRS... If you and/or your employees use smart phones, youcan create some nice no-hassle, tax-free fringe benefits. Want to find out how you can take advantage of Uncle Sam’s largesse? Then put down your iPhone or … [Read more...]