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Converting Your Business to an S Corporation

Converting Your Business to an S Corporation

by Bill Houston | Jan 27, 2020 | Business Deductions, Reduce Your Taxes

There are a number of reasons to convert your business to an S Corporation but the most common is to reduce self-employment (SE) taxes. Any one operating their business as a sole proprietorship or an LLC taxed as a disregarded entity (fancy way of saying sole prop) or...
Add a Home Office to your business return to increase deductible mileage.

Add a Home Office to your business return to increase deductible mileage.

by Bill Houston | Jan 17, 2020 | Business Deductions, Uncategorized

A home office can eliminate the ‘commuting’ portion of your trip, adding additional deductible business miles each day. Is it worth it? You bet. An additional 30 mile round trip can add up to over 4000 additional deductible business miles a year worth...

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