Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Whether you're considering establishing your business in the state of California, have just launched, or are celebrating your first year in business, it's [...]
The recently signed "One Big Beautiful Bill Act" will have a significant impact on tax strategies and financial planning for small businesses operating in [...]
Unlike traditional corporations, pass-through entities avoid double taxation. Instead of taxing business income at the corporate level, the IRS requires th [...]
Before transferring money from your business account to your personal account, it's essential to understand how draws work and how they compare to salaries [...]
The QBI deduction, also known as the Section 199A deduction, allows eligible small business owners to deduct up to 20% of their qualified business income o [...]
LLC owners can opt to be taxed in different ways, and each tax structure has its own set of rules. Owner’s draws, guaranteed payments, salaries, and distri [...]
Choosing the right entity for your business isn't easy, as confusion surrounds each option and the long-term impact on numerous aspects of your business. I [...]
Both a sole proprietorship and an LLC offer distinct advantages and disadvantages. These will vary depending on your specific business needs and long-term [...]
A well-prepared SOE helps you show lenders and other stakeholders that your business is financially stable, empowers you to attract investors, and to make [...]
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