Here are a few ways we can help:
- How to determine if you should operate as an S corporation to take better advantage of the 20 percent deduction in the new tax code Section 199A.
- How to use an IRS-approved method to set your salaries for excellent tax savings.
- The best way for your S corporation to deduct vehicle and home-office expenses.
- How S corporation owners can deduct health insurance in 2020—and what’s on the horizon in future years.11 Questions we typically receive on operating S Corporations
- How to decide if you should operate your businesses as an S corporation, sole proprietorship, LLC, or C corporation now that you have (a) the tax reforms in the new Tax Cuts and Jobs Act (TCJA), and (b) final IRS Section 199A regulations.
- Who should consider eliminating their S corporation because of the new tax code Section 199A?
- How you can use the magic of nonvoting stock to your advantage.
- What it takes to audit-proof your salaries and slash employment taxes.
- How to use the S corporation to create the deductions you need to qualify for the new 20 percent tax deduction under Section 199A.
- How the S corporation should treat business vehicles that are in the owner’s name.
- How you can use Section 179 expensing, even for the equipment you buy yourself but use for corporate purposes.
- How the S corporation protects your home-office deductions and the one step you can take to ensure maximum deductions.
- How you can deduct the cost of individual and family health insurance in 2020 without worrying about the $100-a-day penalty—even when you don’t offer health benefits to employees—and what’s on the horizon for future years.
- How two enhanced expense reports can save money and protect you in an IRS audit.
- The overall impact that tax reform is having on the S corporation.
Contact Meese Khan, LLP today for a complimentary consultation!
Phone: 623 935 1005