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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A side-by-side comparison of the three main retirement plans for small business owners: contribution limits, employee obligations, deadlines.
Tax PlanningChoosing the right retirement plan is one of the highest-impact tax decisions a business owner can make. 2025 retirement plan contribution limits: | Plan.
Tax PlanningSolo 401(k) allows $23,500 employee deferral plus up to $46,500 employer contribution ($70,000 total for 2025). SEP-IRA allows 25% of compensation.
Tax PlanningThe Solo 401(k) allows the highest contributions for most self-employed business owners ($23,500 employee + 25% employer = up to $70,000 total in 2025).
Tax PlanningSolo 401(k) allows the highest contribution ($23,500 employee + 25% employer, up to $70,000 combined for 2025). Compare SEP-IRA, solo 401(k), and SIMPLE.
Tax PlanningSmall businesses with employees have different retirement plan considerations than solo operators. Retirement plans for businesses with employees.
Tax PlanningThe Solo 401(k) allows the highest contributions ($70,000 in 2025 for those under 50, $73,500 for 50+, $81,250 for ages 60-63).
Tax PlanningSmall businesses with up to 50 employees can claim a tax credit of up to $5,000/year for 3 years for starting a retirement plan.
Tax PlanningSmall businesses with under $5 million in gross receipts can use the R&D credit to offset payroll tax (up to $500,000/year).
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.
Tax PlanningBusiness owners can manage their income through salary, distributions, and deductions to optimize Roth conversions. Covers key rules, filing requirements,.
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.
Small Business & BookkeepingMost states exempt services from sales tax, but a growing number tax specific service categories. States that broadly tax services (most services taxable).
Small Business & BookkeepingAn accountable plan allows an S-Corp to reimburse the owner-employee for business expenses tax-free. Under the TCJA (2018-2025.
Small Business & BookkeepingS-Corp shareholders must track their stock and debt basis to determine the deductibility of losses, the tax treatment of distributions.