by Harry | Nov 27, 2019 | Tax Info, Tax Tips & Tricks
If you’re the sole owner of a business, you may have considered forming a single-member LLC. A single-member Limited Liability Corporation (SMLLC) is a business classification that can help protect you from potential liability and help you maximize your tax benefits....
by Harry | Nov 27, 2019 | IRS Info, Tax Info
They way you structure your business can greatly affect your tax liability. In the eyes of the IRS, there are two main types of business entities: limited liability companies (LLCs) and corporations. If you’re thinking of setting up a business or are thinking of...
by Harry | Nov 27, 2019 | News & Tips, Tax Info, Tax News
Several Democratic candidates have proposed a wealth tax. For example, Elizabeth Warren has proposed a wealth tax that would raise an estimated $3.5 trillion over 10 years. Senator Warren has said that this wealth tax would pay for her proposed programs, such as free...
by Harry | Nov 27, 2019 | Tax Info
The Tax Cuts and Jobs Act made some of the largest changes to the tax code we’ve seen in recent history. While the majority of these changes went into effect for the 2018 tax year (so you would have noticed them when you did your taxes in 2019), the tax code does...
by Harry | Oct 25, 2019 | Tax Info
Climate change and emission taxes already affect the taxes of many corporations across the world. But a new proposed carbon tax may affect your bottom line as well. The idea of a carbon tax, a tax on burning fossil fuels, is gaining buzz after a recent International...
