The CPA Next Door

Many small business owners are told they should make the election to become an S-corporation. Often, this election does make sense, but...

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...

Whether it’s fixing up an investment property or starting a business, most entrepreneurs find themselves putting in some serious sweat...

Pass-through taxation means individuals are subject to income taxes, not the business itself. For example: a partnership doesn’t pay...