SALT Workaround for State Taxes in 2022
The following article written by Randy Sprenger, EA, our Estate & Trust Manager applies to S Corps and Partnerships and their owners. What is SALT? No, it’s not just pepper’s companion. In the tax world, SALT stands for State And Local Tax, and is the...
Turning Your Hobby Into a Business
You’ve loved dogs all your life so you decide to start a dog breeding and training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong. One of the main benefits of turning...
Join Us for Our Bookkeeping & Brews Event on August 17
During the pandemic, we saw a two year plus cycle of business openings and closings in the U.S., with record numbers of new business applications. In fact, more than 1.26 million new business applications were filed in the beginning of 2022. If you’re a new business...