Find out what business structure to use as a solo acupuncturist for your practice in California. We will explore the options and then go over some of the legal and tax implications. What Are the Options? In California, you can’t operate as an LLC if you’re an acupuncturist. You also can’t operate as a regular …
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In this post we’ll answer the question: what’s the difference between an S-Corp and a C-Corp. We’ll also give you types as to which entity is better suited for your business. For more options for your business when it comes to entities to choose from, go here. The Main Difference Between an S-Corp and a C-Corp …
It’s daunting at times to consider how to go about starting with all the nitty-gritties of running a successful business. When it comes to determining which business entity to use, this can add to the already complex mix of decisions involved in starting your business. Here in Part 1, we’ll go over some of the …
Saving on travel taxes is one of the things you can actively do to help reduce your business’ costs. As with other deductions, you must be aware of the basic rules and plan in advance to make it work. Here we’ll go over good easy ways to think about travel taxes. Then, we’ll turn to …
If you’ve ever asked yourself on how to write-off travel expenses while staying IRS compliant, read on. We’ll cover some of the basic rules as well as tips to maximize your travel deductions. For an article going over some more concrete examples on travel write-offs, go here. Before getting ahead of ourselves, let’s start by …
In a previous article, we discussed how to manually input the entries for your bookkeeping and payroll setup. In this article, we’ll go over a more automated way to this through your payroll processor. Here, we’ll be using ADP to do this. Other payroll processors, however, might have a similar function. You might have to …
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If you ever wondered what’s the correct way to do your payroll bookkeeping this article is for you. We’ll go over in detail what to do to do it the right way. This will be helpful to you whether you run payroll for actual employees or just for yourself as a de facto employee. If you’re more …
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Understanding the electric vehicles tax credit might seem overly complicated especially with some of the recent changes. That’s why here we’ll give you an easy explanation of the credit and how it changes based on when purchased. If you purchased your EV on 2022 or before, the credit will be subject to a certain set …
Here’s a strategy that will allow you to hire your children in your own business and reap multiple benefits. This strategy might be for you if you want your business to become an asset to your children’s upbringing. Your child could have the benefit of learning real-world work and business skills and developing a strong …
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If you’ve ever wondered about the incentives to starting a home-based business this short article is for you. We’ll go over the tax advantages and how you could potentially cut your tax bill. We’ll also briefly go over the non-tax benefits of a home-based business. How Starting a Home-Based Business Could Save You in Taxes …
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