Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

Discover tax-saving strategies for financial advisors, including deductions on business expenses, entity structuring, and maximizing retirement savings.

Limited Liability Companies give business owners a unique blend of liability protection and some real tax flexibility. The main tax perk of an LLC is pass-through taxation, which lets profits flow ...

A limited liability company (LLC) can change its entity classification for tax purposes by filing Form 8832, Entity Classification Election, or by incorporating under state law. These and other ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

An S corporation (S corp) is a tax designation not a formal business structure. Business owners that are looking to withdraw money from their company for their personal use may benefit from electing S ...

Stay in the clear and keep your finances in order with everything you need to know about IRS Form 941. Many, or all, of the products featured on this page are from our advertising partners who ...

We might receive compensation from the companies whose products we review. We are independently owned and the opinions here are our own. Starting a new company can feel intimidating. Even just the ...

If you’re running a limited liability company (LLC) in Michigan, tax season brings obligations at federal, state, and sometimes city levels. Between all the different requirements and deadlines, ...