Tax savings
Home office expense for S-Corp owners Many S-corp owners often go without taking advantage of what is called an “Accountable Plan” for home office expenses. This is an effective and discreet way to run home office expenses through the business and does not require the use of one of those”red flag” forms commonly used by...
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S-CORPORATIONS – TAX SAVINGS, DOWNSIDE & RISKS This post is meant to be a truthful and brief summary about the benefits, drawbacks and risks of S-Corporations from a tax perspective. I didn’t bother to write a 300 page book about this topic, as it would be 299 pages of useless information. So here it is,...
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