Dear Client, the home office deduction is rather limited for your tax situation (and most people other taxpayers), especially in the trade-off between S-corp and schedule C.
As the economy picks up steam and our clients are growing they are inevitably outgrowing their space and seeking the next place to call their “office”.
The battle of supremacy between S & C corporations continues to rage with the new tax law changes.
State and local taxes (SALT) are often more complex than the IRS tax law and represent one of the largest compliance burdens that a business faces.
Investing can teach kids about the time value of money, the importance of patience, and the rise and fall of business success. But it can also deliver a harsh lesson to parents who aren’t fully prepared for the tax impact.