Maximizing Your QBI Deduction: Seize the Opportunity Before It Expires
At Accavallo & Company, we understand the importance of leveraging every available tax-saving opportunity. The Qualified Business Income (QBI) deduction presents a significant chance for eligible businesses to reduce their tax liability. However, this deduction is scheduled to sunset after 2025. Hence, if you qualify, it’s crucial to capitalize on this benefit while it’s still […]
Navigating Financial Fitness: A Guide to Secure Your Business Future
In business, achieving and maintaining financial fitness is important for long-term success. Whether you are an entrepreneur, small business owner, or a seasoned professional, adopting sound financial practices can make all the difference. Let’s delve into key strategies to ensure your financial well-being and set the stage for sustained prosperity. Set Clear Financial Goals Start […]
The Importance of Accountable Plans for S Corp Owners: Maximizing Tax Advantages
As an S Corporation (S Corp) owner, you play a dual role, being both an employer and an employee of the company. Managing expenses effectively is crucial for optimizing your tax situation and maximizing tax advantages. To effectively gain the tax advantages, we will delve into the concept of accountable plans and explore their significance […]
