You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. Read the Article
Employers who misclassify workers as independent contractors can end up with substantial tax bills
and face penalties for failing to pay employment taxes and not filing the required tax forms. Read more in this week’s Business Tip.
When a closely held business is involved, it can be challenging for parents to achieve a distribution of their assets that is equitable. Learn why in this week’s Business Tip.
QuickBooks statements provide an overview of every transaction that has occurred during a specified period of time. Learn more in this QuickBooks Tip.
Hiring a disadvantaged individual can be a win-win situation thanks to the Work Opportunity Tax Credit.
Your business’s cash flow is essential to your long-term success. Read tips on how to enhance it in this week’s Business Tip.