Content based on Get Paid What You’re Worth – Using Tax Planning to Get Paid for Your Expertise by Dominique Molina You started your tax practice for freedom. But does your business actually give you any? When you decided to start your own tax practice, you probably had a picture of what business ownership would
Have You Built a Business or a Job? Read More »
An Illegal Loophole or a Legitimate Loan? Owning a C corporation can feel like a constant fight against a tidal wave of taxes. Say your business is having a successful year and profits are high. Excellent! Now the question becomes, how do you as the shareholder access that money without paying a hefty tax bill?
Tax Savings Hot Spots: Are Shareholder Loans an Effective Tax Strategy? Read More »
A Tale as Old as Tax Evasion If you’ve worked in the tax world for long, you may be familiar with this chain of events: a corporation has negative retained earnings, and their tax planner is hesitant to flag the problem. So instead, the tax planner opts to quietly reclassify that money as a shareholder
C Corporation Hot Spots: Shareholder Loans as a Tax Strategy Read More »