by Sandra Tapia, CPA, PLLC | Sep 11, 2026 | Uncategorized
Quick Answer: Pass-through entities (LLCs, S corps, sole proprietorships) pay a single tax layer, typically 15% to 23.8% on goodwill and up to 37% on inventory and equipment. C corporations face double taxation near 40% on asset sales, unless structured as...
by Sandra Tapia, CPA, PLLC | Sep 4, 2026 | Uncategorized
Quick Answer: An S corp Accountable Plan is a formal reimbursement arrangement that allows your business to repay you tax-free for out-of-pocket overhead like home office, cell phone, and vehicle expenses. By converting these outlays into direct corporate...
by Sandra Tapia, CPA, PLLC | Sep 4, 2026 | Uncategorized
Quick Answer: The primary disadvantages to a sole proprietorship for growing business owners are unlimited personal liability and a mandatory 15.3% self-employment tax on 100% of net profit. Once annual net profit exceeds $40,000, remaining a sole proprietor...
by Sandra Tapia, CPA, PLLC | Aug 26, 2026 | Uncategorized
Quick Answer: Your small business qualifies for the R&D tax credit whenever you pay U.S. wages, contractor fees, or supply costs to overcome technical roadblocks while building or improving products, custom software, or internal processes. By working through...
by Sandra Tapia, CPA, PLLC | Aug 12, 2026 | Uncategorized
Quick Answer: To cleanly separate personal and business expenses, set up dedicated business accounts, automate your owner payouts, and use smart accounting tools to capture purchases in real time. Building this automated system protects your write-offs...
by Sandra Tapia, CPA, PLLC | Aug 5, 2026 | Uncategorized
Quick Answer: Adding Trump Account contributions to your employee benefits package is a high-leverage strategy if you, as a business owner, are looking to boost talent retention while slashing your payroll tax liabilities. Employers can contribute up to...
Spanish