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February 10, 2023 Are You an S Corporation Stockholder? Are You Taking Reasonable Compensation in the Form of Wages?S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of...
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February 9, 2023 Looking Ahead to 2023 TaxesWith the holiday celebrations coming to an end, now is the time to take a look at the...
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February 9, 2023 Lewis & Knopf Welcomes New StaffLewis & Knopf, CPA, P.C. is pleased to announce the addition of three new staff members to the...
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February 9, 2023 Important Information for S-Corp Shareholders and Partners of a PartnershipThere is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax...
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February 9, 2023 What Is Business Cash Flow?As the name suggests, cash flow is a term used to describe the money coming into and out...
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February 9, 2023 2023 Standard Mileage Rates AnnouncedAs it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2023 optional standard mileage...
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February 9, 2023 Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This FirstAlthough the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has...
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February 3, 2023 Be On the Outlook for Tax Reporting FormsWith tax season upon us, documents reporting income, sales and other items needed for your 2022 tax return...
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January 27, 2023 What You Need to Know About Converting an S Corp to a C CorpThe type of business that you're running has major implications in virtually all areas of your operations, especially...
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January 20, 2023 Married? Know Your Filing OptionsMarried taxpayers generally have the option to file a joint tax return or separate returns, a filing status...