Tax planning is the art of cutting your tax bill before you start working on the actual tax return, and it’s a lot easier than you’d think. By taking a few simple steps while it’s still 2021, you can trim your income tax bill down to size. Max out your SALT The state and local […]
4 Reasons to Form an LLC
Before you can start your own business, you’ve got some important decisions to make – including what structure you choose for said business. Whether you’re in it on your own or have partners (silent or otherwise), you have several options for business structure. Here’s why an LLC may be the best business structure for you. […]
Choosing an LLC Taxation Strategy
LLCs are among the most flexible business structures, especially when it comes to taxation. You can choose from a menu of taxation options, but be careful – picking the wrong one can have expensive consequences. Default LLC taxation If you don’t specifically choose otherwise, your LLC will be taxed using a default form based on […]