by Chad Mangum | Aug 5, 2024 | Tax Basics
Unlock Tax Savings with the Dependent Care Tax Credit: A Guide for Small Business Owners Introduction: Managing a business while caring for dependents can be challenging. The Dependent Care Tax Credit provides significant tax savings by covering expenses for dependent... by Chad Mangum | Aug 2, 2024 | Tax Basics
Leveraging Qualified Opportunity Zones for Strategic Investment and Tax Benefits Qualified Opportunity Zones (QOZs) offer small business owners a unique investment opportunity to defer and potentially reduce capital gains taxes while contributing to economic... by Chad Mangum | Jul 31, 2024 | Tax Basics
Navigating IRS Guidelines for C-Corporations: A Comprehensive Overview for Small Business Owners Understanding IRS guidelines is essential for small business owners operating as C-Corporations. This article provides a detailed overview of the key tax obligations,... by Chad Mangum | Jul 29, 2024 | Tax Basics
Building Future Wealth with the Child IRA Strategy The Child IRA strategy offers small business owners an effective way to build long-term savings for their children while gaining tax advantages. This article explores how hiring your children and contributing to their...
by Chad Mangum | Aug 8, 2019 | Tax Basics
I briefly discussed LLCs, S Corporations, and C Corporations in a previous article. In this article, I’ll expound more on S Corps, their basic operating principles, and demonstrate potential tax savings. The Inception of an S Corporation S Corps are an...
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