05
Jul
AI Tax Preparation and Automation: What It Means for You
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By
Jason Watson
Key Takeaways
AI tax preparation is an industrial shift, not a software tweak. AI-assisted tax preparation is part of a larger cha...
30
May
California Pass-Through Entity Tax Deduction
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By
Key Takeaways
Model the PTET Prepayment Before June 15. California’s PTET prepayment is based on last year’s tax, not this year’s ...
26
Feb
FinCEN Beneficial Ownership Information
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By
Key Takeaways
New federal filing for most small businesses (99% affected) — part of the Corporate Transparency Act starting Jan. 1...
28
May
Address Changes Are Messy
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By
Key Takeaways
Changing your business or home address involves multiple agencies and forms, including IRS, state revenue department...
25
Apr
May 2024 Book Updates
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By
Key Takeaways
Passive investor status can reduce self-employment taxes, allow deductions against passive income, and avoid mandato...
21
Feb
Pass-Through Entity Tax Deduction
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By
Key Takeaways
Pass-through entity tax (PTET) allows you to pay for your state income tax with business funds, reducing your federa...
03
Oct
How to Annoy Your Tax Accountant in 6 Easy Steps
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By
Key Takeaways
Don’t read instructions carefully: Reply without understanding, then blame your accountant when issues arise.
Com...
16
Sep
Pay More Taxes
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By
Key Takeaways
Focus on wealth, not just tax savings: Sometimes paying more taxes strategically can help grow your business and per...
03
Jul
Roth 401k Versus Traditional 401k
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By
Key Takeaways
Roth 401k vs. Traditional 401k: Roth 401k contributions are post-tax, have higher limits, and no income phaseouts, u...
08
Jul
C Corp vs S Corp
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By
Key Takeaways
S Corp vs C Corp: Switching from S Corp to C Corp mainly for the 21% corporate tax rate is generally a bad idea due ...
