The tax law has a number of favorable tax rules for small businesses, but the definition of what’s “small” varies considerably. In a number of … Read more about Tax Law’s Gross Receipts Tests: What They Are and What They Mean
What Does “Income” Mean for Tax Rules?
The word “income” is a generic term for the accretion to wealth. The word “income” connotes wages and earnings from self-employment. But for tax … Read more about What Does “Income” Mean for Tax Rules?
Understanding Corporate Taxes
With the dramatic cut in the corporate tax rate to 21% by the Tax Cuts and Jobs Act, there’s been some increased interest in operating as a C … Read more about Understanding Corporate Taxes
