Filtered by category "Tips"

What is Active Participation as a Real Estate Investor?

Active participation as a real estate investor typically involves taking an active role in the day-to-day management of a real estate investment [...]

March 27, 2023 / Tips

What Is Reasonable Compensation

Reasonable compensation refers to the amount of compensation paid to an employee or owner that is considered reasonable and appropriate for the [...]

March 27, 2023 / Tips

What Are The Legal Requirements Of An S Corp?

A S corporation must meet the following legal requirements: Be a domestic corporation Have only allowable shareholders, including individuals, [...]

March 20, 2023 / Tips

How is an Airbnb taxed?

Airbnb rental income is considered taxable income and must be reported on your tax return. Here’s a brief overview of the tax implications [...]

March 19, 2023 / Tips

How Does Having a Holding Company Help My Business?

A holding company is a type of company that doesn’t have any operations or active business of its own, but instead owns other companies [...]

March 18, 2023 / Tips

What Legitimate Expenses Can I Deduct As A Business Owner

As a business owner, you can typically deduct the following legitimate business expenses: Advertising and marketing costs Employee salaries and [...]

February 27, 2023 / Tips

What’s a better way to set up your company? S Corp vs. C Corp

S Corporation (S Corp) and C Corporation (C Corp) are two different types of business structures in the United States. The main differences [...]

February 23, 2023 / Tips

Why Establish A Company In Delaware?

There are several reasons to establish a company in Delaware: 1. Favorable corporate law: Delaware has a business-friendly legal system with [...]

February 23, 2023 / Tips

What’s The Difference Between S Corp and LLC

An S corporation and an LLC (Limited Liability Company) are both types of business structures, but they have some key differences. An S [...]

February 15, 2023 / Tips

What Are The Capital Gains Tax Rates?

  The capital gains tax rates in the United States vary depending on several factors, including the type of asset sold and the [...]

February 10, 2023 / Tips