As 2025 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC....
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
We’ve moved offices to 7799 Leesburg Pike, Suite 1150N.
As 2025 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC....
As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer look at the process of becoming an...
As a business owner, you’re required to pay three different types of payroll taxes. FICA (Federal Insurance Contributions Act) is the tax used to fund Social Security and Medicare programs....
Many start-up businesses move from hobby status to a business when they start to make a profit. The tax entity typically used is a sole proprietorship. Taxes on this business...
Offering a retirement plan can be a powerful tool when you’re competing to attract the best employees. And if you’re a sole proprietor, a retirement account can help you save...
Taxes can affect many areas of your life. Here are some common situations when you’ll want to schedule a tax review. 1. Something changed in your life. A change in...
2023 is going to be a bit different than the last few years. There are two changes business owners should be aware of when it comes to allowable deductions for...
Corporate tax rates and Section 179 expense limits are noted here for your use. C Corporations Pass Through Entities (S corps, partnerships and sole proprietors) *Select companies above these limits...
Mileage Type 2023 2022 Business miles 65.5¢ per mile 58.5¢/62.5¢ per mile Medical and moving miles* 16¢ per mile 18¢/22¢ per mile Charitable miles 14¢ per mile 14¢ per...
Question: Should my corporation own our business building or should I own it personally? Answer: If your business is incorporated, it is often a good idea to personally own the...
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