How to Correctly Pay Yourself from Your Business
Getting paid from your business might seem straightforward, but there’s more to it than just writing a check. The method you choose can affect your taxes, legal responsibilities, and business growth. Whether you’re wondering how to pay yourself as a business owner or how to pay yourself from your LLC, this guide breaks it down […]
Starting a Business? Avoid Losing Tax Deductions
Starting a new business is exciting, but it also comes with essential tax considerations that can impact your bottom line. Many entrepreneurs miss out on tax deductions for small businesses simply because they don’t understand when their business officially “starts” for tax purposes. Proper tax planning ensures that you maximize your deductions while staying compliant […]
Augusta Rule Guide For Taxpayers
The Augusta Rule is a powerful tax-saving opportunity for homeowners. Here’s everything you need to know about how it works and how to maximize its benefits. What is the Augusta Rule? The Augusta Rule is a provision under the U.S. tax code that allows homeowners to rent out their personal residences for up to 14 […]
Filing a Tax Extension: Here’s What You Need to Know
Understanding the scenarios where an extension is necessary and the rules for estimated payments can save you from penalties. Here’s a breakdown to help you decide. When you don’t need to file a tax extension If you’ve made all required estimated tax payments for the year and have no additional filing needs, there’s no penalty […]
