Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Is your S corp paying you enough? Entrepreneurs often struggle with the question of how much to pay themselves. The underlying rule is that individuals who own and operate their business through an S corp need to pay themselves a “reasonable” … [Read more...] about Reasonable Compensation
Do you have income from a sole proprietorship, partnership, LLC, or S corporation? If so, you may be eligible for a new deduction called the Qualified Business Income (QBI) deduction. This deduction is not itemized, so taxpayers who take the standard … [Read more...] about Qualified Business Income
