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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by Jessica D | Jan 13, 2021 | Business Tax
Starting your own business can create significant wealth. But, this opportunity comes with more tax-related complications. With a normal job, your employer withholds your taxes. When you own a business, you need to pay those taxes. Business owners can make this...
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by Chris Dios | Dec 23, 2020 | Business Tax
Congress just passed another coronavirus stimulus package, and President Trump could sign it into law as soon as this week. The president is pushing for some changes to the bill, but he’s primarily pushing for larger stimulus checks. However, businesses are much...
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