Tax tips, strategy guides, and practical advice for S-Corporation owners.
The OBBBA signed July 4, 2025, permanently extends the QBI deduction, restores 100% bonus depreciation, raises the SALT cap, and more. Here is what every S-Corporation owner needs to know heading into 2026.
How Does Property Depreciate in a Small Business or S-Corp? Contact Us The IRS allows small businesses and s-corps to get back some of the cost or other basis of certain property that they use in their business through a method called depreciation, which is an annual tax deduction. Have a small business, but haven’t … How Does Property Depreciate in a Small Business or S-Corp?
Asset Allocation in an S-Corp Sale – The Seller’s Perspective Contact Us As you’ve already learned in Selling an S-Corp, a stock sale is preferable for sellers, but buyer’s will typically want an asset sale. In the case of an asset sale, there are still decisions that help favor the seller, and a big one … Asset Allocation in an S-Corp Sale – The Seller’s Perspective
Asset Allocation in an S-Corp Sale – The Buyer’s Perspective Contact Us As you’ve already learned in Buying an S-Corp, an asset sale is the preferred overall deal structure for buyers, but how the assets are allocated in an asset sale can also favor the buyer or the seller more. Wondering what we mean by … Asset Allocation in an S-Corp Sale – The Buyer’s Perspective
Asset Sale vs. Stock Sale Contact Us As we know from our previous article, What is an S-Corporation, s-corps have major tax savings for business owners, most notably avoiding double-taxation and saving money on social security and medicare taxes by using a pass-through income structure. Making the s-corp election is an excellent strategy for business … Asset Sale vs. Stock Sale
Flowchart for Maximizing Health Insurance Deductions and Tax Savings for S Corporations Contact Us If you’re wondering how health insurance works in an S-Corp, take a look at our full overview, How Do Health Insurance Benefits Work for an S Corporation to get a grasp of the structure. Once you’re familiar with how it works … Flowchart for Maximizing Health Insurance Deductions and Tax Savings in S Corporations
Can an S-Corp Own Interest in a Foreign Subsidiary? Contact Us Hopefully, you’ve already learned about if an S-Corp can have subsidiaries and partnerships. If so, you’re likely already familiar with the idea that an S-Corp can own QSubs, which are businesses owned entirely by the S-Corp elect to be subsidiaries under the parent S-Corp. … Can an S-Corp Own Interest in a Foreign Subsidiary?
How Should S-Corps Reimburse Employees and Deduct Expenses? Contact Us Many small business owners are familiar with deducting their business expenses when operating a sole proprietorship or general partnership. But what about an S-Corp? As you may know from our previous article, S-Corps have huge tax saving benefits, but they use a pass-through income structure … How Should S-Corps Reimburse Employees and Deduct Expenses?
How to Start Using an Accountable Plan for Your S-Corp Contact Us Hopefully you’re pretty familiar with what an Accountable Plan is and why your S-Corp should be using one from our other article. Now you’re likely wondering how to start using one for your own S-Corp to take advantage of tax deductions. Surprisingly, there … How to Start Using an Accountable Plan for Your S-Corp
How to Take Minutes at your S-Corp or Small Business’s Shareholders’ and Directors’ Meetings Contact Us If you’re the owner of an S-Corp or small business, you’re likely somewhat aware that keeping the S-Corp filing status comes with some legal requirements. One of which is holding annual shareholders’ meetings and periodic directors’ meetings and documenting … How to Take Minutes at your S-Corp or Small Business’s Shareholders’ and Directors’ Meetings
How to Take “Minutes” for Sole Proprietorships or Single-Owner Small Businesses Contact Us As we covered in How to Keep the S-Corp Filing Status, one of the legal requirements for a small business to maintain S-Corp status is documenting, in the form of “minutes,” what is discussed at shareholders’ or directors’ meetings and any major … How to Take “Minutes” for Sole Proprietorships or Single Owner Small Businesses
How an S-Corp Subsidiary (QSub) Works for Small Businesses Contact Us Hopefully you already know the answer to, “What is an S-Corporation?” Now, you may be wondering about some of those more complex topics surrounding S-Corps. If you haven’t already, check out “Can an S-Corp have Subsidiaries and Partnerships?” for a refresher on some of … How an S-Corp Subsidiary (QSub) Works for Small Businesses
Who is Considered Allowable Shareholders in an S-Corp? Contact Us As you may already know from one of our other articles, making the S-Corp election and keeping S-Corp status comes with some specific eligibility requirements as well as ongoing requirements to uphold. One of these requirements is that an S-Corporation must have only allowable shareholders. … Who is Considered Allowable Shareholders in an S-Corp?
Contact Us How Does the Inflation Reduction Act Apply to S-Corps? What is the Inflation Reduction Act of 2022? Like most new laws, there is a plethora of opinions surrounding it. Regardless of a political opinion on the Inflation Reduction Act, many people just want to cut through the legal jargon and find out how … How Does the Inflation Reduction Act Apply to S-Corps?
/ Retirement Plans for Small Business Owners: A Side-by-Side Comparison One of the best ways to decide which retirement plan is best for your s-corp is to compare the options side-by-side. This can help you compare and contrast the benefits and drawbacks of each plan and weigh the factors that are most important to you. … Retirement Plans for Small Business Owners
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