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Understanding S-Corp Reasonable Compensation

Understanding S-Corp Reasonable Compensation

The IRS requires you to pay yourself a reasonable salary before taking distributions. Failing…

How to Set Up an IRS Payment Plan Online

How to Set Up an IRS Payment Plan Online

You can set up a long-term payment plan online if you owe $50,000 or…

Real Estate and Taxes: What Every Investor Needs to Know

Real Estate and Taxes: What Every Investor Needs to Know

Real estate taxation is full of powerful tools and costly traps. The key is…

The S-Corp Question

The S-Corp Question

I have spun up a few S-Corporations in my time, and I have killed…

Business Meals & Entertainment: What’s Deductible in 2025?

Business Meals & Entertainment: What’s Deductible in 2025?

If your business routinely provides food at meetings, make sure you're documenting the purpose…

Common COGS Misconceptions

Common COGS Misconceptions

If you're unsure whether your business should be reporting COGS, the key question is…

The Tax Code is Going to Change

The Tax Code is Going to Change

At this point, none of these proposals are official policy. No bill has been…

Are You a Restaurant Owner? Don’t Overlook This Tax Credit

Are You a Restaurant Owner? Don’t Overlook This Tax Credit

Despite how straightforward it may seem, many restaurant owners fail to take advantage of…

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Look no further! At Bennett Accounting & Tax LLC, we can connect you directly with a Certified Public Accountant (CPA) to discuss your tax situation.

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