2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
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Businesses with gross receipts of $32 million or less (2026) can use cash method. Accrual is required above that threshold, with exceptions for small taxpayers.
Small Business & BookkeepingC-Corp vs. S-Corp comparison: S-Corp advantages: - No double taxation. Income is taxed once at the shareholder level. - SE tax savings.
Tax PlanningDonating appreciated long-term capital gain property (stocks, real estate. Charitable contribution deduction limits (2025):.
Tax PlanningSole proprietors and S-Corp shareholders deduct charitable contributions on their personal return (Schedule A), not the business return.
Tax PlanningThe deductibility of charitable contributions depends entirely on the business entity structure. Charitable contribution deduction by entity type: |.
Tax PlanningCharitable deduction by entity type: - Sole proprietor (Schedule C): Charitable contributions are NOT deductible on Schedule C.
Tax PlanningSole proprietors deduct charitable contributions on Schedule A (personal itemized deductions), not Schedule C. Charitable deduction rules by entity.
Tax PlanningBusiness owners can donate cash (60% AGI limit), appreciated stock (30% AGI limit, no capital gains tax), or inventory. Covers key rules, filing.
Tax PlanningBunching multiple years of charitable gifts into one tax year pushes itemized deductions above the standard deduction threshold, maximizing the benefit.
Tax PlanningBusiness owners have access to charitable giving strategies that go far beyond writing a check. Charitable contribution AGI limits (2025): | Contribution.
Tax PlanningStrategic charitable giving can produce significant tax benefits for business owners beyond the standard cash donation deduction.
Tax PlanningBusiness owners who want to maximize the tax benefit of charitable giving have several strategies available that go far beyond writing a check.
Tax PlanningBusiness owners can deduct charitable contributions through the business (C-Corp) or personally (pass-through). Donating appreciated stock avoids.
Tax PlanningA charitable remainder trust (CRT) allows a business owner to transfer appreciated assets to an irrevocable trust. CRAT vs.
Small Business & BookkeepingThe optimal entity for real estate investment depends on the investment strategy. Entity comparison for real estate investment:.
Small Business & BookkeepingMost small businesses must use a calendar year (January 1 through December 31) for tax purposes. Sole proprietorships always use a calendar year.
Small Business & BookkeepingUnder IRC 274(b), the deduction for business gifts is limited to $25 per recipient per year. This cap has not been adjusted for inflation since 1962.
CFO & AdvisoryClosing a business triggers final tax returns, asset disposition reporting, and state dissolution filings. What the IRS requires and common mistakes.
Small Business & BookkeepingWhen a business provides a vehicle to an employee (including an owner-employee). Personal use valuation methods:. Covers key rules, filing requirements,.
Tax PlanningA conservation easement is a legal agreement between a landowner and a qualified organization (typically a land trust or government entity).
Small Business & BookkeepingA constructive dividend occurs when a C-Corporation confers an economic benefit on a shareholder without formally declaring a dividend.
Small Business & BookkeepingUnder the constructive receipt doctrine, income is taxable when it is made available to you without substantial limitations.
Tax PlanningUnder the constructive receipt doctrine (Treas. Reg. 1.451-2), income is taxable in the year it is credited, set apart. Constructive receipt rules: |.
Small Business & BookkeepingConverting from C-Corp to S-Corp triggers the built-in gains (BIG) tax under IRC 1374 on appreciated assets sold within 5 years.