Qualified business income expectations and components.

The applicable convention determines the portion of the tax year for which depreciation is allowable during a year at the property is...

Depreciation convention, Classlife, useful life of an asset.

Above the line deductions

Personal and business credit

Ask clients if any RSU are included in stocks transactions.

Business Auto expense

Transportation

Home office tax deduction

Non-deductible business expenses

Business taxes

Getting into Royalties.

Your brand is your business identity, and arguably one of the most important assets of your business(name and logo). Your brand helps...

Primary and trade lines are accounts that show up on your business credit report. Starting off your credit you can have a friend, family...

Separate from the owner, its own entity.

Any unincorporated business run by 2 or more persons who contribute money, property, or service in return for share of profit/loss. The...

An LLC with only one owner. For income tax purposes, treated as an entity disregarded as separate from its owner unless it files Form...

setting up a sole proprietorship

Method of acquisition

The designation of long-term gains or short-term gains impact the way in which capital gains are taxed short-term gains are taxed as ordinary income tax at same rate as the income such as wages and interest long-term gains are taxed at their own preferential capital gains tax rate