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Careful electing your business partners – S Corporation shareholder liable for stolen funds
You need to be extremely careful on how you get in business with. You might end up being
Purchasing equipment before year-end?
Purchasing equipment before year-end can provide significant tax benefits due to depreciation rules. Depreciation allows businesses to deduct
Hiring independent contractors became harder in 2024
We have numerous blog posts on the difference between a) employees and b) independent contractors based on the
Consider tax loss harvesting to reduce your tax liability
First, what is this harvesting? – no, you do not need to live in a farm. Tax loss
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Taxation on gifts or bequests from US person versus foreign person
At the Federal level, receiving a gift or inheritance has different implications if the donor is a US citizen or if the
BOI is on again – Deadline to file: March 21st, 2025
The BOI saga keeps going on – Now requirement is back on with deadline until March 21st, 2025. The daily fine is
Should you consider a Backdoor Roth contribution?
Brief History First let’s start with a brief history on the Roth IRAs and how paying taxes today might* avoid them at