by KLPCPA | Aug 8, 2014 | Taxes
One of the most basic planning questions for S-Corp owners is the allocation of earnings between salary and K-1 income. Before getting into the W-2 vs K-1 issues we’ll point out that the owner of an S-Corp is a statutory employee and as such is supposed to...
by KLPCPA | Jun 27, 2014 | Outsourcing
Projecting a business’s operations far into the future can be a very subjective exercise. Small businesses, by their nature, can experience any number of events that can significantly alter the outcome of the projections. Strategic planning is an exercise in which the...
CARES Act made changes to excess business losses
The possible tax consequences of PPP loans
File cash transaction reports for your business — on paper or electronically
Why do partners sometimes report more income on tax returns than they receive in cash?
Even if no money changes hands, bartering is a taxable transaction