Image courtesy of user "myrfa" on Pixabay.com Every year, I have a few S-corporation clients who complain that they have a tax liability on their personal return. Typically there's also a comment made about how "other people" they've talked to have S-corps and "never pay anything in taxes." This conversation happens several times a [...]
A common question from business owners is, how can a small business avoid the crush of taxes and regulations while still staying within the confines of the law?
From the Archives: Win a Home on TV, Find a Tax Collector in the Attic (the Tax Consequences of Winning a Home in a Giveaway, Part 1)
This post from January of 2012 is about the tax consequences of winning the HGTV "Dream Home" giveaway.
Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]