Limited Liability Companies (LLCs) have become increasingly popular among entrepreneurs and small business owners due to their flexibility and liability protection. One crucial aspect...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/17/2023
When you are married, there are a few different options that you can choose for your tax return. Most married couples will choose to go with married filing jointly at tax time. They...
What is the trust fund penalty?The term "trust fund" has a varied meaning when applied to labor tax rather than asset management. This is the amount of payroll tax levied...
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
You probably know of several businesses whose formal names end with the acronym LLC. And you probably also know that LLC stands for limited liability company. Here are ten things you...
Posted by Vilensky & Company on 10/24/2016
Running a new business can be one of the most exciting parts of your life. You are taking your life into your own hands and deciding to do something that you love, rather than working...
6.3.1 Taxation of Investments in U.S Real Property by Canadian Investors6.3.1 (a) - IntroductionThere are many tax and legal considerations that must be weighed before making an investment...
Posted by The Accounting and Tax on 07/28/2016
Starting a new business can be an exciting time in your life. You have put a lot of time and energy into the business and you want to make sure that you have it all in order. One of...
Starting a new business can be a huge undertaking. One of the most important and first decisions that you need to make is to decide how it will be structured. This will determine the...