It can be painful to see a big chunk of your company’s profits being eaten up by taxes. Although most small business owners realize that income tax is a necessary evil, they would love to find small business tax deductions and other ways to cut down their tax bill. Fortunately, this ...
Aprio’s business tax advisors can help you navigate today’s shifting tax changes. Business taxes have always been complex, but today’s shifting regulatory environment make it increasingly difficult for businesses to keep up with tax changes. What may have been a sound strategy last year could...
So the question becomes, if you are an LLC being taxed as an S corporation, are you a corporation where you own stock or a limited liability company where you own a membership interest? We believe these are one and the same in this context. Don’t fret. You can still deduct 50% of...
LLC employment tax rules depend on which classification the LLC is under. If an LLC is taxed as a disregarded entity, they pay the same type of employment taxes as a self-employed person would. Self-employed persons must pay both the business owner’s half of their Medicare and Social Secu...
Aprio’s business tax advisors can help you navigate today’s shifting tax changes. Business taxes have always been complex, but today’s shifting regulatory environment make it increasingly difficult for businesses to keep up with tax changes. What may have been a sound strategy last year could...
Business taxes include self-employment tax, income tax, estimated tax, and excise tax. A business with one or more employees also pays employment taxes. Do you file LLC and personal taxes together? Yes, if the business owner is the sole owner of the LLC, they can file business taxes with...
LX CPA LLC a team of CPAs and tax experts. Our online tax services include: small business taxes, personal income tax, bookkeeping & financial statement audit.
TurboTax Full Service Business is perfect for partnerships, S-corps, LLCs and sole proprietorships. Start for freePay only when you file Small Business taxes done right, with unlimited expert advice Get unlimited tax advice from live experts as you do your taxes and a final review before you...
When you start your own business, knowing the income tax implications of your decisions can save you money and headaches. Learn about paying estimated income taxes, keeping track of expenses and how to take a tax deduction when you use your car for busin
Break-even analysis is based on our annual fee of $4,500 for our Vail package. If an S corporation saves you 8% to 10% (on average) in taxes over the garden-variety LLC, then $4,500 divided by 9% equals $50,000 of net ordinary business income (profit) after expenses and deductio...