What Is Ordinary Income and How Is It Different From Earned Income?

What Is Ordinary Income and How Is It Different From Earned Income?

Here we’ll go over the difference between ordinary and unearned income, as well as what each means for your business tax-wise.

What Does a Disregarded Entity Mean for LLCs?

What Does a Disregarded Entity Mean for LLCs?

Let’s take a look at how the new tax law impacts disregarded entity LLCs, as well as some other reasons business owners benefit from this type of organizational structure.

​Federal Tax Brackets for 2017 and 2018

​Federal Tax Brackets for 2017 and 2018

2017 Federal Tax Brackets (For Taxes Due April 17, 2018): Here are the 2017 federal tax brackets for filers who are single, married, or head of household.

How to Pay Yourself as an Owner of an LLC

How to Pay Yourself as an Owner of an LLC

Paying yourself as an owner of an LLC can be complicated, and there are tax consequences that come along with it.

Understand How to Write Off Capital Assets for Your New Business

Understand How to Write Off Capital Assets for Your New Business

Let’s take a look at how different types of assets are classified and what you should know about writing off capital assets for your new business venture.

All the Deadlines You Need to Know to File 2017 Taxes

All the Deadlines You Need to Know to File 2017 Taxes

Here are all the deadlines you need to file taxes for 2017, including when 2017 taxes are due and how to file a tax return extension.

How the 2017 Tax Cuts & Job Act (TCJA) Affects Businesses & Individuals

How the 2017 Tax Cuts & Job Act (TCJA) Affects Businesses & Individuals

Here are some of the ways the 2017 Tax Cuts and Jobs Acts (TCJA) affects businesses and individuals.

How Does The New 2017 Tax Bill Affect LLCs and S-Corps?

How Does The New 2017 Tax Bill Affect LLCs and S-Corps?

How does the 2017 tax bill affect entrepreneurs, namely those who own an LLC or S-Corp? We talk about some of the benefits and caveats of this new bill.

New Tax Bill: Consider Making These Changes Before the End of the Year

New Tax Bill: Consider Making These Changes Before the End of the Year

The 2017 Tax Cuts and Job Act takes effect in 2018 and will not impact your 2017 taxes. This gives you some time to talk with your accountant & prepare.

Self-Employed Entrepreneurs: Here’s the Tax Breaks You Can Expect in 2018

Self-Employed Entrepreneurs: Here’s the Tax Breaks You Can Expect in 2018

With the new Donald Trump tax plan, you might be wondering what tax write-offs you can take advantage of as a self-employed entrepreneur.