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
- Home
- |
- Archives: Small Business
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
Qualified Joint Venture: Should Married Business Owners File as QJV?
You and your spouse run a business together. Your tax preparer mentions filing as a partnership. You file Form 1065, issue K-1s, and deal with partnership basis tracking.
Home Office Deduction 2026: Simplified vs Regular Method
You work from home. You converted the spare bedroom into an office. The IRS says you can deduct part of your housing costs. But which method do you
Schedule C Deductions: Complete List for Self-Employed Business Owners (2026)
The difference between a $50,000 tax bill and a $35,000 tax bill often comes down to deductions. Not aggressive positions. Not gray areas. Just legitimate business expenses that
Self-Employment Tax 2026: Rates, Calculation, and How to Reduce It
You worked hard for that income. Then you see the self-employment tax line on your return and wonder if you read it wrong. You didn’t. Self-employment tax takes
Sole Proprietor Tax Rates 2026: Complete Guide to Federal Brackets and Self-Employment Tax
“What’s my tax rate?” seems like a simple question. For sole proprietors, the answer is never simple. You don’t have one tax rate. You have at least two:
How to File Schedule C: Step-by-Step Instructions for 2026
Your first Schedule C can feel like a test you didn’t study for. The form has 48 lines, multiple parts, and asks questions about methods and elections you’ve
How to Choose a Tax Advisor for Your Business
Finding the right tax advisor isn’t the same as hiring someone to prepare your returns. Tax preparation is transactional—you provide documents, they file forms, you’re done until next