Samuel Adeyemi

Massachusetts OBBBA Decoupling: What S Corporations Need to Know for 2025–2026 Contact Us The One Big Beautiful Bill Act, signed into federal law in July 2025, made major changes to depreciation, research expenses, business interest deductions, and other tax provisions. But Massachusetts OBBBA conformity is far from automatic — the state does not follow every … Massachusetts OBBBA Decoupling: What S Corporations Need to Know for 2025–2026

PTE Election Strategy 2026: A State-by-State Look at What’s New Contact Us The pass-through entity tax election has quietly become one of the most valuable state tax strategies available to S corporation owners, and 2026 has brought a wave of changes worth tracking. More than 30 states plus New York City now offer some form … PTE Election Strategy 2026: A State-by-State Look at What’s New

Cost Segregation for S Corps: How 100% Bonus Depreciation Changes the Strategy Contact Us For years, cost segregation was primarily associated with larger commercial real estate investments. For an S corporation that owned its own office, warehouse, or other commercial property, the cost of a study could be harder to justify. The One Big Beautiful … Cost Segregation for S Corps: How 100% Bonus Depreciation Changes the Strategy

S-Corp R&D Tax: Immediate Deductions Under Section 174A Contact Us The S-Corp R&D tax deduction is back. The One Big Beautiful Bill Act (OBBBA) created new Section 174A, which restores immediate expensing of domestic research and experimental costs for tax years beginning after December 31, 2024 — permanently, not as a temporary patch. That reverses … S-Corp R&D Tax: Immediate Deductions Under Section 174A

S-Corporation 401(k): Are You Compliant Under SECURE 2.0? Contact Us 2026 is the year SECURE 2.0 stops being a future compliance project and starts being an operational one for your S-corporation 401(k). The automatic enrollment mandate took effect for 2025 plan years. The mandatory Roth catch-up rule for higher earners — which hits S-corp owner-employees … S-Corporation 401(k): Are You Compliant Under SECURE 2.0?

OBBBA State Tax Conformity: What S-Corp Owners Need to Know Contact Us When the One Big Beautiful Bill Act (OBBBA) became law on July 4, 2025, it introduced permanent 100% bonus depreciation for qualifying property acquired after January 19, 2025, made the 20% Qualified Business Income (QBI) deduction under Section 199A permanent, and created new … OBBBA State Tax Conformity: What S-Corp Owners Need to Know

Form 1099-DA for S Corporations: How to Reconcile Crypto Transactions Before Filing Contact Us Starting with transactions occurring on or after January 1, 2025, digital asset brokers that take custody of customer assets — including cryptocurrency exchanges, hosted wallet providers, and certain payment processors — are required to issue Form 1099-DA to report proceeds from … Form 1099-DA for S Corporations: How to Reconcile Crypto Transactions Before Filing

BOI Reporting Exemption for S-Corps: Everything You Need to Know Contact Us For the better part of two years, S Corporation owners were preparing for one of the most significant compliance requirements in recent small business history. The Corporate Transparency Act S-corp reporting obligation generated widespread concern, confusion, and a cottage industry of compliance services. … BOI Reporting Exemption for S Corps: Everything You Need to Know

How Tariff Costs Affect S-Corp Taxes and COGS in 2026 Contact Us Few line items on an S-corp’s books have moved around as much in the past two years as tariff costs. The 10% baseline tariff that took effect in April 2025 was struck down by the Supreme Court in February 2026, some importers are … How Tariff Costs Affect S-Corp Taxes and COGS in 2026

Employer Childcare Tax Credit: A New Opportunity for S-Corp Owners Contact Us For years, many businesses overlooked the Employer Childcare Tax Credit because the benefit rarely justified the cost or administrative effort. That changed with the One Big Beautiful Bill Act. For amounts paid or incurred after December 31, 2025, Section 45F provides significantly larger … Employer Childcare Tax Credit: A New Opportunity for S-Corp Owners

S-Corp Audit 2026: Real Odds, Triggers, How to Prepare Contact Us An S-corp audit is both rarer and more mechanical than most owners assume. The IRS examines only a small fraction of Form 1120-S returns in any year, and the ones it picks are overwhelmingly flagged by the same handful of issues: shareholder compensation that … S-Corp Audit 2026: Real Odds, Triggers, How to Prepare

Is an S-Corp Refinance Right for You? Key Growth vs Cash Needs Contact Us After several years of elevated borrowing costs, interest rates have begun to ease — giving S Corporation owners an opportunity to reassess their financial strategy. Whether you are considering an S-corp refinance on existing debt, evaluating new financing options, or rethinking … Is an S-Corp Refinance Right for You? Key Growth vs Cash Needs

S-Corp Tip Deduction: Is Your Payroll Ready for the New $25,000 Employee Break? Contact Us S-Corp owners in the restaurant, salon, or personal services industry, pay attention: a provision in the One Big Beautiful Bill Act just changed how your tipped employees are taxed. Here is what the S-Corp tip deduction means in practice and … S-Corp Tip Deduction: Is Your Payroll Ready for the New $25,000 Employee Break?

The 1099 Threshold for 2026 Is Now $2,000 Contact Us S-Corp owners who pay independent contractors just had a key compliance rule shift under the One Big Beautiful Bill Act. The 1099 threshold 2026 has been raised from $600 to $2,000 for both Form 1099-NEC and Form 1099-MISC, effective for payments made after December 31, … 1099 Threshold 2026 Is Now $2,000 — What Changes, What Doesn’t, and What Still Trips S-Corps Up

S-Corp vs. LLC vs. C-Corp: A Practical Guide to Choosing Contact Us When starting or restructuring a business, few decisions carry more long-term financial weight than your entity type. The S-Corp vs. LLC vs. C-Corp question is one of the most common in small business finance, and for good reason: each structure comes with real … S-Corp vs. LLC vs. C-Corp: A Practical Guide to Choosing

How to Convert an LLC to an S-Corp (And When It Makes Sense) Contact Us Deciding to convert an LLC to an S-Corp is one of the most impactful tax moves a small business owner can make. The process is more straightforward than most people expect — your LLC stays intact and only its tax … How to Convert an LLC to an S-Corp (And When It Makes Sense)

How to Pay S-Corp Estimated Taxes: A Quarterly Planner Contact Us Staying on top of your S-Corp estimated taxes is one of the most important financial habits you can build as an owner. Unlike a W-2 employee whose entire tax bill is covered by withholding, an S-Corp owner usually has two streams of income — … How to Pay S-Corp Estimated Taxes: A Quarterly Planner

S-Corp Reasonable Salary: How to Set One (and Why the IRS Is Watching) Contact Us One of the biggest advantages of S-Corp status is the ability to split your income between a salary and distributions — but that advantage comes with a firm condition. The IRS expects every shareholder-employee who does real work in the … S-Corp Reasonable Salary: How to Set One (and Why the IRS Is Watching)