Be Wise About Your Entity Type Choosing your business entity type is one of the most important decisions you’ll make as a business owner. Do you want to establish a C corporation and take advantage of qualified small business stock and tax-free fringe benefits? Do you prefer to set up an S corporation so you
Tax Saving Hot Spots: The Advantages of Partnerships Read More »
The Unexamined Entity It’s a commonly-told story among tax planners: A client forms a business without deeply examining which entity type is actually the best for their tax bill. Fortunately, this is also a prime opportunity for you to be the hero. As tax planners, we know that no good tax strategy can be built
Partnership Hot Spots: Leaning into the Tax Advantages Read More »
As a savvy entrepreneur, how do you decide which entity type is right for your business? Some business owners stick with what’s familiar, but they may be missing out on advantages that could boost their bottom line. Our rule of thumb is simple: aim for the lowest tax bill. This is easier said than done.
Don’t Get Attached to Your Entity Type Read More »
Which business structure comes with the lowest tax bill? Taxpayers may think they know the answer, especially if they’ve read a few tax blogs or listened to some confident-sounding business influencers. But as tax planners, we know that there is no one-size-fits-all solution. The right entity type depends on the needs of the individual client.
Every Entity Type Comes with Pros and Cons Read More »
As a tax planner, do you think of the 1040 Form as your go-to diagnostic tool? The trained eye of an expert can see beyond the rows of numbers to what they represent: opportunities for tax savings. This is the difference between a Certified Tax Planner and a tax preparer—or an A.I. tool, for that
Tax Planners Just Look At Taxes Differently Read More »