Rundown of S Corporation Taxes

S Corporation Tax Guide

Paying S Corporation taxes can be a bit complicated since you’re both an employee and a shareholder. Your requirements are really the same as any other business owner though. Here are some best practices when dealing with S Corporation taxes.   Shareholder vs Employee   As an employee of an S Corp, your taxes are […]

Avoiding the Hobby Loss Rules

Hobby Loss Rules - Are you a hobby or a business?

So you had a great idea, decided to take a risk and embarked upon the adventure of starting a business. From your perspective, you’re a business. From your customer’s perspective, you’re a business. However, from the IRS’ perspective, that determination remains to be seen. Here’s why… The IRS has a set of rules called the […]