One of the most frequent questions I receive from current and prospective clients is whether their business should be taxed as an S-Corp. In fact, it’s happened more than once that before I can even get in a ‘so tell me about your business’ on an intro call with a new prospective client, I’m already …
As the temperatures start to rise and we start to enjoy some beautiful spring weather with hints of summer close by, many families are starting to plan summer vacations to a warm getaway. As a business owner you may be wondering, is there a legitimate way for me to deduct a vacation? What about general …
SaaS (Software As A Service) has been a huge trend over the past few years. While the idea of paying monthly for a subscription to something like Quickbooks or Calendly probably comes pretty naturally to you at this point, the idea of a tax subscription package might seem a little strange at first. But …
If you didn’t notice, this past year was a tough one for many accountants. From tax laws around PPP loans and Employee Retention Tax Credits that were changing seemingly by the week, to massive pieces of legislation that many accountants spent countless hours trying to study and strategize for impending changes to things like capital …
We’re now only about two weeks away from closing out the 2021 year. If you’re wondering what you can do now to save on 2021 taxes, keep reading! While some tax planning can still be done after the end of the year, most tax savings tips and strategies need to be implemented before the end …
If you’re like many doctors, therapists, and small businesses in Pittsburgh, you may be on the fence about hiring a CPA firm. Maybe you already have a bookkeeper, and you feel that that’s enough. But CPA firms in Pittsburgh can do more than just prepare your taxes. They can also save your practice money. Here’s …
How CPA Firms Can Save Your Practice Money in 2021? Read More »
S corporations are a hot topic for private practice owners that want to use strategic tax planning to avoid the double taxation that other business entities must pay. There can be a lot of benefits to creating an S Corp, but it may not be the right choice for your business. Your private practice may …
Electing to become an S corporation is exciting. You’ll, hopefully, save a lot of money on your taxes, and you can even leverage dividends to your advantage. For a lot of private practices and businesses, it makes sense to elect as an S corporation. The one downside? You’ll be adding a bit of complexity to …
S Corporation Taxes: Why We Recommend Hiring a Professional Read More »
Whether your business is incorporated determines what tax planning strategies are available to you. When your business is incorporated, it becomes a separate entity for tax purposes. The downside is more tax compliance and extra paperwork for you and your accountant, but it’s worth the upside of more opportunities for corporate tax planning. For example, …
The Difference Between Tax Compliance and Tax Planning Read More »
Are you a business owner who despises paying what feels like all of your money away to a tax bill? We hear this every day as we work with business owners. When we partner with you as your CPA, we take a holistic approach to reducing both your business and personal taxes with tax saving …
