The COVID-19 pandemic may create tax benefit opportunities for you and your family members. For example, you could hire your under-age-18 children, pay them, say, $10,000 each, and they could pay zero federal income taxes. And you or your corporation, the employer, would deduct the $10,000 you paid to each of the children.
How To Hire Family Members for Business Tax Deductions
The COVID-19 pandemic may create tax benefit opportunities for you and your family members. For example, you could hire your under-age-18 children, pay them, say, $10,000 each, and they could pay zero federal income taxes. And you or your corporation, the employer, would deduct the $10,000 you paid to each of the children.
PPP Loan Forgiveness for S Corps, C Corps and Partnerships
How to Find the Perfect Small Business CFO
Are you looking for a CFO for your startup or your small business? Do you have big plans to raise capital, get acquisition financing, and bring your firm to the next level? In this post, we will help you discover how to evaluate your various CFO options and help you find the perfect fractional CFO for your business.
Want to Open a U.S. Business? Three Big Benefits to a U.S. LLC
Are you looking to form a new legal entity for your real estate venture or new business?
One of the most important decisions you can make when you first open a business is in your choice of legal entity structure. While you can and should evaluate the sole proprietorship, partnership, C-Corp, and S-Corp...this video covers the most flexible option for most businesses, the LLC.
Here are three BIG reasons to form an LLC and the financial and business benefits to doing so.
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~ Chad Pavel, CPA