Once your business becomes an S-Corp, you cannot take money out the same way you did with a sole proprietorship or LLC. You now have two ways to pay yourself: salary and distributions. Salary The
Most of the advice you’ll hear about S-Corps is focused on how they save business owners money. And yes, in the right situations,
When you set up a business in Texas, one of the first questions is how to structure it. Sole proprietor, LLC, partnership, or
Ever open your mail and see an IRS letter staring back at you? Your heart probably skipped a beat. But most IRS letters
If the phrase “QBI deduction” sounds like a secret code, you’re not alone. It’s just a government shorthand for a tax break that
If you own rental or commercial property in Texas, real estate depreciation might be your favorite tax break you’ve never actually thought about.
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