Could Your LLC Save on Taxes by Converting to an S Corp?

As an LLC owner, one of the things that you should think about is whether the business should remain an LLC, or whether your business would benefit from changing its corporate structure to something else, such as an S Corp. If you’re thinking of the disadvantages and advantages of changing the corporate structure of your [...]

Top Tax Savings Tips When Paying Yourself as a Business Owner

How Should You be Paying Yourself as a Business Owner to Reduce Your and Your Business's Overall Tax Obligations? Our Guide Breaks Down the Details  Probably the most frequent question that small business owners ask their lawyers and accountants is “how should I be paying myself as a business owner” in a way that will allow [...]

The Rare Taxpayer Win: California Court of Appeals Rules Passive Investment in California Entity Does Not Constitute “Doing Business” in California

In a rare move in the favor of taxpayers, the California Court of Appeal recently issued a decision determining that passive business owners actually do not need to pay taxes to the California Franchise Board if the business is located out of state. Everyone knows about the California Franchise Tax Board's dreaded $800 minimum annual fee [...]

Top Tax Tips for California Small Businesses

"I don't care about tax savings. I want to pay the IRS more than what I actually owe," said no business owner ever. Let's face it - becoming knowledgeable about tax saving tips and implementing tax minimization strategies can be some of the most important steps to save yourself from feeling as though you are handling [...]

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