Small business owners still have time to set up a SEP plan for last year
Saving money for retirement is important to a business owner’s financial security. If you haven’t set up a retirement plan for yourself and your employees for 2019, you may still be able to do so, and reduce your tax liability for last year.
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Determine a reasonable salary for a corporate business owner
When it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why.
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Do you run your business from home? You might be eligible for home office deductions
Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.
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How business owners may be able to reduce tax by using an S corporation
If you conduct your business as an S corporation, you’ll be subject to income tax, but not self-employment tax, on your share of the S corporation’s income. Could this be the entity for you?
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Do you want to go into business for yourself?
There are many ways to conduct a business for tax purposes, including as an S corporation or a partnership. But many new ventures start out as sole proprietorships. Here are nine tax rules and considerations involved in operating as that entity.
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Do Your Employees Receive Tips? You may be eligible for a tax credit.
Employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit. Here’s how it works.
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