Learn whether a CPA, enrolled agent, or tax advisor is best suited to help you to deal with an IRS tax audit.

Learn the tax consequences of selling a dental practice, including income and capital gains taxes, and how a tax professional can optimize your tax liability.

Explore the top tax deductions for therapists including membership fees, continuing education, office expenses, and professional services.

Learn the pros and cons of an LLC vs PC for doctors, their tax implications, state regulations, and how personal liability is influenced by your business structure.

Learn the main differences between GAAP and non-GAAP accounting, their pros and cons, and when each is used.

Explore some important tax changes for 2024 including the new federal income tax brackets and changes to tax credits and deductions.

Learn what a consolidated income statement is and how producing one can help business owners attract investment and streamline their business operations.

Check out the benefits and risks of a self-directed IRA and learn the steps to get started with this investment option.

Learn the importance of prepaid expenses when presenting an accurate balance sheet and the benefits of prepaying common expenses like rent or insurance.

Find out the implications of selling business property and read our tips on how to reduce your capital gains tax liability on the sale.

Find out the top five benefits of forming a real estate LLC, including personal asset protection, pass-through taxation, and eligibility for the QBID.

Explore the top consultant tax deductions for freelancers including the QBI deduction, business use of a vehicle, and business travel expenses.

Check out the best ways to reduce taxable income, including retirement plans, changing your business structure, and taking the QBI deduction.

Tax benefits of an LLC and how this business entity helps avoid double taxation, reduces self-employment taxes, and gives access to deductions.

Learn what petty cash is, how much to keep on hand, how petty cash affects bookkeeping, and the pros and cons of keeping petty cash in your small business.

Six important small business tax tips this year to stay organized, maximize your tax deductions, and avoid IRS penalties.

Tax basis vs book basis accounting, their pros and cons, and when to use each one.

Learn about the accumulated earnings tax, how it affects retained earnings, and how the IRS determines how much business profit is reasonable to retain.

Learn about standard costing, how it helps improve efficiency in companies, its benefits and potential drawbacks, and how to calculate your standard costs.

Creating business expense categories for tax helps your business organize its records and ensure it benefits from all the available tax deductions.