Accounting, Bookkeeping, & Tax Blog

While double taxation is a real feature of C corp taxation, it doesn’t automatically apply to all profits. With the right planning, business owners can oft [...]

Business tax deadlines can feel like a maze, especially with different rules depending on your entity type, income, and payroll obligations. However, these [...]

An S corp allows owner-employees to split income between salary and distributions. Salaries are still subject to payroll taxes, but distributions generally [...]

Introduced under the Tax Cuts and Jobs Act of 2017, it allows eligible taxpayers to deduct up to 20% of their QBI component, reducing taxable income and po [...]

Bench doesn’t include payroll, tax filing, or year-round advisory support, which can leave significant gaps that cause problems during tax season and throu [...]

Whether you're considering hiring employees or have already extended job offers, it's essential to understand your payroll obligations, which include payro [...]

Many small business owners are surprised to discover that their tax bill doesn’t always match the cash they received. If you’re a partner in a partnership [...]

Because the IRS closely monitors this area, failing to pay a reasonable salary is one of the most common triggers for an audit of S corporations. This guid [...]

This move can unlock thousands of dollars in tax savings each year while also positioning your business with a stronger financial infrastructure that suppo [...]