You Can’t Write Off An Item Your Business Isn’t Using

PlaneGetting tax write-offs for purchases you make through your business is a good deal.  And if you do business as an S corporation, you know lots of tax benefits flow through your business to your personal tax return.   You can write off all sorts of things and save yourself and your business a lot of money.

But you can’t write off an item the business isn’t using. Read more

Why Your LLC Needs a Tax Return – Especially if it’s Husband-and-Wife-Owned

Tax return

A number of CPAs still resist filing a separate partnership return for husband-and wife-owned LLCs. We recommend doing the separate return, for both IRS reasons and liability-shield reasons under Georgia law. Here’s more detail about why. Read more