by meesekhan | Feb 17, 2020 | 2020 Tax Information
Do you sponsor a sports team, or have you thought about sponsoring one? This kind of sponsorship can be great PR for your company and position you as a community-minded citizen. But what are the tax implications of becoming a team sponsor? What are the relevant...
by meesekhan | Feb 14, 2020 | 2020 Tax Information
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...
by meesekhan | Feb 6, 2020 | 2020 Tax Information
Wow, New 20 Percent Deduction for Business Income Here’s some really good news and it’s a big deal. . . Section 199A of the new tax code lets you claim a deduction against your IRS 1040 taxable income of up to 20% of your qualified business income. Three...
by meesekhan | Jan 23, 2020 | Blog
What form of business makes the most sense for you? A general partnership? A multi-member LLC taxed as a partnership? An S-corporation? A C-corporation? Meese Khan can help explore your choices and take a closer look at multi-member LLCs treated as partnerships for...
by meesekhan | Jan 21, 2020 | 2020 Tax Information
You can take advantage of some valuable tax deductions you might have overlooked. That’s right. If you know the IRS rules (and we do!), your currently-owned business cars, SUVs, trucks, and vans, (and even your personal vehicles!), can be the source of...
