by Chris Dios | Jun 25, 2021 | Business Tax
When people hear the term earnings, they usually think of the money earned by an individual or company. For example, an employee earns money by selling products, providing services, etc. However, the retained earnings formula will calculate something else entirely....
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by Miguel Alex Centeno | Jun 4, 2021 | Business Tax
The COVID-19 pandemic and associated lockdowns significantly hurt American small businesses. To help, the federal government implemented a variety of tax relief measures. The Employer Retention Tax Credit provides a major tax break to particularly hard-hit businesses....
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by Chris Dios | May 14, 2021 | Business Tax
Businesses change. Sometimes they get bigger, and sometimes they get smaller. Regardless of trajectory, businesses need to regularly review tax planning considerations. In particular, business owners may reach a point where electing S Corp treatment by the IRS makes...
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by Chris Dios | Apr 7, 2021 | Business Tax
The federal government’s Paycheck Protection Program (PPP) served as a critical lifeline to businesses during the COVID-19 pandemic. But, these funds also created significant confusion between the IRS and state tax authorities. In California, state authorities...
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by Christian Linscott | Apr 7, 2021 | Business Tax
Several small businesses in the new gig economy rely on independent contractors. Using freelance professionals provides businesses tremendous flexibility and saves on payroll and HR costs. But nonemployee compensation, or wages for independent contractors, comes with...
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by Chris Dios | Mar 29, 2021 | Business Tax
As the saying goes, nothing is certain but death and taxes. While business owners can’t eliminate taxes, they can certainly minimize them. By using some key tax hacks businesses can significantly reduce their tax bills. And, the less you pay in taxes, the more you...
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