About 90% of taxpayers claim the standard deduction. Since the Tax Cuts and Jobs Act nearly doubled it in 2018, taking the standard deduction has been the right
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How to Choose a Business Bank Account
How to Choose a Business Bank Account: A CPA’s Guide by Entity Type We regularly see business owners pick a bank based on sign-up bonuses, then spend twice
Small Business Tax Deductions: The Complete 2025-2026 Guide
The One Big Beautiful Bill Act changed the math on small business deductions. Signed July 4, 2025, OBBBA restored 100% bonus depreciation, raised the Section 179 limit to
W-2 vs 1099: What Every Business Owner Needs to Know in 2026
W-2 vs 1099: What Every Business Owner Needs to Know in 2026 Hiring someone to work for your business means answering one question before anything else: W-2 employee
S-Corp vs C-Corp Taxes: Which Structure Saves You More Money?
Picking the wrong entity structure costs business owners real money. Not theoretical money. Not “it depends” money. We’re talking $20,000 to $50,000 per year in unnecessary taxes for
S-Corp Election: How to Elect S-Corp Status for Your LLC
S-Corp Election: How to Elect S-Corp Status for Your LLC If you’re running a profitable LLC, the S-Corp election could cut your self-employment tax bill by $10,000 or
Late S-Corp Election: How to File After Missing the Deadline
Late S-Corp Election: How to File After Missing the Deadline You meant to file Form 2553 by March 15. Now it’s July. The IRS deadline came and went,
Form 2553: Complete S-Corp Election Guide for 2026
IRS Form 2553 is a single page that can save your business thousands in taxes every year. It’s also one of the most commonly botched filings we see:
The $60,000 Question: Determining Your S-Corp Reasonable Salary in 2026
TL;DR Summary S-Corp reasonable salary is the market-rate compensation you must pay yourself before taking distributions, typically ranging from $40,000-$150,000+, depending on your role, industry, and location. The
Sole Proprietor vs LLC vs S-Corp: Which Business Structure Is Right for You?
You started a business. Now everyone has an opinion about your structure. Your uncle says you need an LLC yesterday. Your accountant friend mentions something about S-Corps. A