491 plain-English guides on small business & bookkeeping, each one ending in what to do next.
Page 15 of 21, newest first.
The IRS can reclassify S-Corp distributions as wages if the owner's salary is unreasonably low. The IRS requires S-Corp shareholder-employees to pay.
Small Business & BookkeepingS-Corp owners must pay themselves a reasonable salary before taking distributions. Every S-Corp owner who performs services for the business must.
Small Business & BookkeepingS-corp owner-employees must pay themselves a reasonable salary before taking distributions. How the IRS determines the number and what triggers audits.
Small Business & BookkeepingS-Corp shareholders who perform services for the corporation must pay themselves a reasonable salary before taking distributions.
Small Business & BookkeepingThe IRS evaluates S-Corp reasonable salary using industry benchmarks, experience, hours worked, and comparable wages. Covers key rules, filing.
Small Business & BookkeepingThe IRS requires S-Corp owner-employees to pay themselves a reasonable salary before taking distributions. Too low lets the IRS reclassify distributions as wages.
Small Business & BookkeepingThe IRS requires S-Corp owner-employees to pay themselves a 'reasonable salary' before taking distributions. Too low lets the IRS reclassify distributions as wages.
Small Business & BookkeepingThe IRS requires records to support income, deductions, and credits claimed on tax returns. Record retention periods. Covers key rules, filing.
Small Business & BookkeepingIRC 267 applies heightened scrutiny to transactions between related parties. Family members, controlled entities, and trusts face loss disallowance rules.
Small Business & BookkeepingTransactions between related parties receive special scrutiny under the tax code because the parties can manipulate prices, timing.
Small Business & BookkeepingHiring remote workers in other states creates income tax nexus, payroll withholding obligations, and potential sales tax exposure for your business.
Small Business & BookkeepingHiring remote workers in multiple states creates tax compliance obligations that many small businesses underestimate. Covers economic nexus thresholds,.
Small Business & BookkeepingHiring remote employees creates state tax obligations in every state where those employees work. State obligations triggered by a remote employee: |.
Small Business & BookkeepingA Rollover for Business Startups (ROBS) is a strategy that allows an entrepreneur to use funds from an existing retirement account (401(k), IRA.
Small Business & BookkeepingThe S-corp election changes how a business is taxed without changing its legal structure. Form 2553 deadlines, requirements, and late-filing relief.
Small Business & BookkeepingAn S-Corp election (Form 2553) must be filed by March 15 of the tax year to be effective for that year (or within 2 months and 15 days of formation.
Small Business & BookkeepingThe S corp late filing penalty is $255 per shareholder per month, up to 12 months, for returns due in 2026 ($245 in 2025). It applies even with $0 tax due. How abatement works.
Small Business & BookkeepingSetting reasonable compensation for an S-Corp owner-employee is the most important tax planning decision for an S-Corporation, and pay that's too low can be reclassified as wages.
Small Business & BookkeepingEvery S-Corp shareholder must track two separate accounts that determine the tax treatment of distributions and the deductibility of losses.
Small Business & BookkeepingS-corp shareholder basis determines whether distributions are tax-free or taxable. How AAA, OAA, PTI, and the ordering rules work in practice.
Small Business & BookkeepingAfter South Dakota v. Wayfair (2018), businesses can have sales tax nexus in states where they have no physical presence.
Small Business & BookkeepingRemote sellers must register and collect once they pass a state's own threshold, such as $100,000 in Florida or Pennsylvania and $500,000 in California or Texas. How to check.
Small Business & BookkeepingSince Wayfair, each state sets its own economic nexus threshold, such as $100,000 in Florida and $500,000 in California, Texas and New York. Marketplace rules vary too.
Small Business & BookkeepingSales tax nexus comes from physical presence or passing a state's own sales threshold, such as $100,000 in Pennsylvania or $500,000 in Texas. Which sales count differs by state.