SALT Cap vs. PTET Election: Which One Saves S-Corps More in 2026? Contact Us The One Big Beautiful Bill Act raised the SALT deduction cap from $10,000 to $40,000 for 2025, climbing to $40,400 for 2026. If you own an S-Corp in a high-tax state, that sounds like good news. It also raises a question … SALT Cap vs. PTET Election: Which One Saves S-Corps More in 2026?

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.

Flowchart for Maximizing Health Insurance Deductions and Tax Savings for S Corporations Contact Us Health insurance deductions for S corporations don’t work the way most owners expect. The premiums are deductible — but only if they flow through payroll in a very specific way, and getting one step wrong can cost you the entire deduction. … 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 running a corporation comes with some legal requirements. One of those, under most states’ corporate laws — see Delaware General Corporation Law § 211 … 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, corporations — including S-Corps — are generally required by state corporate law to hold shareholders’ and directors’ meetings and to document, in the form of “minutes,” what is discussed and any … 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, set out in Section 1361 of the Internal Revenue … Who is Considered Allowable Shareholders in an S-Corp?

How Does the Inflation Reduction Act Apply to S-Corps? Contact Us When the Inflation Reduction Act passed in August 2022, we wrote that most of its corporate tax provisions were aimed at billion-dollar companies, while its clean-energy credits offered real opportunities for S-corps. Four years later, half of that sentence is still true. The One … How Does the Inflation Reduction Act Apply to S-Corps?

Retirement Plans for Small Business Owners: 2026 Guide Contact Us When people compare retirement plans for small business owners, the conversation almost always comes down to three options: the SEP IRA, the SIMPLE IRA, and the solo 401(k). All three let an S-corp turn part of its profit into a deductible contribution to the owner’s … Retirement Plans for Small Business Owners: 2026 Guide