Got your kids on payroll yet? When you hire your under-age-18 child, you shift taxable income from you to your child. Why does hiring family members matter? Because if you’re single with taxable income of $40,526 or higher – or married with $81,050 or higher – you’re in the 22% (or higher!) federal tax bracket. […]
Hiring Family Members in Your Business Read More »
What Tax Deductions are You Missing? Donating money is a great thing. But do you really want to donate to the IRS? I mean sure, I guess the IRS needs help… But they already have 74,000 employees and a budget of $11 billion. So I think they’re doing ok. Better than a lot of other
What Tax Deductions are You Missing? Read More »
Do you operate your business as a partnership or an S or C corporation? If you do, then you face very different Payroll Protection Program (PPP) loan forgiveness rules than a sole proprietor or Single Member LLC would face. Whenever you’re talking taxes, reading about taxes, planning to reduce your business taxes, you first need
PPP Loan Forgiveness Rules for S Corps, C Corps and Partnerships Read More »
Government Clarifies PPP Loan Forgiveness for Self Employed Taxpayers How much is clarity worth? A lot … a whole lot. And how much is making things easier worth? Of course, it’s a lot … a whole lot, too! We now have both the new (a) clarity and (b) easy road to Paycheck Protection Program (PPP)
Government Clarifies PPP Loan Forgiveness for Self Employed Taxpayers Read More »
