Should Your Business Be an S Corporation?

Here’s Something to Think About To answer this question, we should first ask, “What is an S corporation?” An S corporation is a company, that is organized as a corporation or limited liability company (LLC), and elects S corporation status with the IRS by filing...

The Tax Lady and the New Child Tax Credit

Exciting News About the Tax Lady (and the new Child Tax Credit) The Grim Reaper and I are excited to announce that we are expecting our first child!  To those of you whispering that my enlarged belly results from gluttony and lack of exercise, well that’s just hurtful...

New Tax Law Goodies for Individuals

In our last post, the Grim Reaper made us painfully aware of the bad parts of the new tax law for individuals.  Since our obligation to him from that unfortunate lawsuit is done, we can move on to the goodies in the new tax law for individuals. First, tax rates for...