In this article, we give some ideas you can take into consideration when determining your salary as an S-Corporation owner. These suggestions are based on you already having a basis for determining what your reasonable compensation range would be based on the factors we discuss in our previous article, “Reasonable Compensation – What No One […]
3 Reasons to Pay a Higher Salary as a S-Corporation Owner Read More »
Am I able to write off my donation? This is a common question that generally is not asked until it’s too late. Many dollars have been lost because the necessary financial records required to qualify for such tax saving actions were not maintained and/or proper documentation was not provided at the time of donation. To help you avoid
Every year small businesses become victims of employee theft. This is particularly true in small business environments where a single employee manages all the finances. Often, there are no “checks and balances” in place to verify the accuracy of certain transactions performed by such employees. It is important to protect your assets of your small
Now that you have made the decision to become an entrepreneur, usually the next decision is determing the kind of business you will have. Should your business be a C-Corporation, S-Corporation, or a Limited Liability Company? These options each come with there own tax and legal implications that should be taken into consideration.
One common challenge amongst individuals is making the most of every dollar they earn – money management. Even the most educated persons find themselves struggling with improving their finances. While there are many reasons for this, one primary cause would be our upbringing (what we were taught about the utilization of money) and habits
Sifting through an overabundance of financial information available can make finding the solutions that best suit your overall financial plan challenging and difficult. However, making solid decisions about how to accomplish your long term objectives should not be a nerve wrecking process that ultimately makes you insecure about your choices. This article will give you
3 Steps to Getting Back on Track with Your financial plan Read More »
