Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
Showing 10 of 53 articles tagged with s-corp
IRS lien filings jumped 36% since 2022. Here's when a Las Vegas business owner needs a business tax attorney, not just a CPA.
If you run a profitable pass-through business and earn $300,000 in qualified business income, the 20% QBI deduction puts $60,000 off your taxable income. At a 37% marginal rate, that's roughly $22,200 in federal tax savings — every single year. And starting in 2026, that benefit is no longer scheduled to disappear.The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, permanently extended the Section 199A deduction. What was set to sunset at the end of 2025 under the Tax Cuts and Jobs Act is now a permanent part of the tax code. That changes the planning calculus for every self-employed owner, S-corp shareholder, and LLC operator.But "permanent" doesn't mean automatic. The rules governing income thresholds, W-2 wage limitations, and entity structure choices still determine whether you capture the full 20% or walk away with a fraction of it. This guide breaks down exactly how to maximize your QBI deduction in 2026 — with step-by-step math and strategy.
The entity structure you choose for your business determines how much of your profit goes to taxes — and for entrepreneurs earning $200,000 or more, that difference can easily exceed $20,000 per year. Self-employment tax alone sits at 15.3% on the first $184,500 of net earnings in 2026, according to the Social Security Administration. The right entity structure either eliminates or dramatically reduces that liability.This guide covers the core tax treatment of LLCs, S-corps, and C-corps in 2026. It explains when each structure works best, how the One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, changed the math on pass-through income, and what decisions need your attention now. The 2026 tax landscape is meaningfully different from prior years. The QBI deduction is permanent. Bonus depreciation is back at 100%. And the QSBS exclusion just got a $5 million increase.
Tax planning strategies probably sound confusing, expensive, and easy to get wrong.You are worried about paying more tax than you should, getting flagged by the IRS, or missing some relief everyone else seems to know about.You are not alone.Most people focus on tax once a year when the return is due, and that is exactly why they overpay.This guide will walk you through tax planning strategies in plain English so you can keep more of what you earn without playing games with the rules.
Financial planning for high net worth individuals is not just about making more money.It is about keeping it, growing it, and making sure it outlives you.Most people think once you hit a certain number in your account, money starts taking care of itself.It does not.In fact, the more you have, the more ways there are to lose it.So let's talk about what actually matters.
If you run a business and taxes feel like a minefield, you're not alone.Most business owners I talk to say the same thing:"I don't know what I don't know."That's exactly where a business tax attorney comes in.They're not just there to file your returns.They're there to protect your money, your business, and your future.Let me break down exactly what they do and why it matters to you.
If you're searching for a business tax attorney near me, you already know something's off.Maybe the IRS sent a letter.Maybe your accountant said "you need a lawyer for this."Maybe you're just tired of guessing whether your business is set up the right way.Whatever brought you here, this guide will help you find the right person fast.
Let me be straight with you.Most business owners find out they need a business tax attorney after they're already in trouble.Don't be that person.If you're running a business, dealing with the IRS, or trying to figure out how to legally keep more of your money, a business tax attorney might be the smartest hire you make this year.Let's break it down.
If you're asking "should I set up an LLC or an S-Corp", you're already asking the right question.Most people pick a business structure because their mate told them to, or because they Googled it for five minutes and went with whatever felt safest.That's how you leave thousands of dollars on the table every single year.I'm going to break down LLC vs. S-Corp in plain English so you can stop guessing and start making decisions based on actual numbers.
