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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. And are you taking full advantage of all the business exemptions and credits available in your industry? How are S corporations taxed?

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Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

To help you get started, here are a few of the top tax credits available for small business owners at this time: Opportunity Zone Credit. Small Business Healthcare Tax Credit. Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website.

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Gross vs. Net Income: What Employers Should Know For Tax Time

inDinero Tax Tips

You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Beyond that, certain industries, such as healthcare or businesses receiving government funding, also have legal documentation requirements.

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

branding, logos, banners, business cards, etc.) Business meals/entertainment Travel Uncollected debts Medical/healthcare expenses Property/rent Tools and technology Self-employment taxes Tip : Don’t just throw receipts in a shoebox and hope for the best. It’s also surprisingly affordable.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Business Tax Professionals. The tax rules and regulations U.S. Biden’s corporate tax policy agenda calls for increasing the corporate income tax rate from 21% to 28%, changing the way GILTI is calculated, creating onshoring incentives, and more. The New Year Brings Fresh Uncertainty for U.S.