CPA Next Door
An S-corporation may not be right for your business
Many small business owners are told they should make the election to become an S-corporation. Often, this election does make sense, but...
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CPA Next Door
- Jan 23, 2023
- 3 min
What is Accrual Accounting and Does Your Business Need It?
Let’s start with the P&L -- the Profit and Loss Statement, AKA the Income Statement. The P&L tells us about the performance of a...
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CPA Next Door
- Jan 20, 2023
- 2 min
Sweat Equity – How On Earth Can It Be Taxable!?!
Whether it’s fixing up an investment property or starting a business, most entrepreneurs find themselves putting in some serious sweat...
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CPA Next Door
- Jan 16, 2023
- 2 min
Just Passing Through - The Basics of Pass-Through Taxation
Pass-through taxation means individuals are subject to income taxes, not the business itself. For example: a partnership doesn’t pay...
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