When it comes to structuring your business, the choice between forming a Limited Liability Company (LLC) or an S Corporation (S Corp) can significantly impact your tax liabilities. Both entities offer distinct advantages and disadvantages, making it crucial to understand the tax implications before making a decision. The Basics:...
In an era where the world is more interconnected than ever, businesses are expanding globally to tap into new markets, diverse talent pools, and innovative opportunities. However, with great opportunities come great challenges, and navigating the complexities of a global landscape requires a strategic and flexible approach. This is...
In the world of construction, one of the biggest challenges faced by both clients and contractors is managing costs. Construction projects are notorious for exceeding budgets and timelines, causing frustration and financial strain. However, there is a solution: better client collaboration and construction preplanning. By working closely with clients...
In our rapidly evolving world, the landscape of work is undergoing transformative changes, largely driven by technological advancements, shifting societal values, and the aftermath of the COVID-19 pandemic. These changes are not only influencing the way we work but also how companies hire and manage their workforce. Let’s delve...
As a business owner, it’s important to be aware of the dangers of inflation and how it can impact your bottom line. Inflation is defined as a sustained increase in the prices of goods and services in an economy. When inflation goes up, so does the cost of running...
Every type of business needs effective planning to ensure success and continued growth. Regardless of the industry that you are operating in, taking time to plan out the most critical parts of how your funeral home will run is the best way to ensure current and future success. Here...
While many banks claim to offer loans and lines of credit to construction industry businesses, it isn’t always easy to find one who works with construction companies. When you are planning on exploring different types of financing for your company, here are some of the things that you need...
Businesses in every industry need to have the proper insurance to protect themselves from financial harm. As a commercial real estate investor, particularly if you are starting out, it might not feel like you are at the same level of risk as other business owners. However, there are still...
The job market today is incredibly competitive, and it is challenging to attract, recruit and retain top talent. Whenever your employees leave to go elsewhere, as is happening right now to thousands of business owners, all of the training and investments that you made in that employee are leaving...
2018 foreign income/housing exclusions: Residency/presence tests waived for several countries In a recent Revenue Procedure, the IRS waived the residency and presence tests that apply for purposes of the foreign earned income and foreign housing cost exclusions under the tax code. Specifically, the waivers apply to certain U.S. individuals...
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