The best business structure for real estate investors is generally a limited liability company (LLC) because it offers liability protection, tax flexibility, and ease of management. However, a sole proprietorship, [...]

The revenue recognition principle is a guiding principle that helps companies identify when they can recognize and record revenue. When a company makes a sale, the revenue earned must be [...]

Individuals who hold qualified small business stock (QSBS) may be eligible for significant savings on their capital gains tax liability. This is because they can receive up to a 100% [...]

Construction job costing is a fundamentally important process used in the construction industry. Construction project managers, estimators, accountants, contractors, owners, clients, regulatory authorities, and insurance companies all rely on accurate [...]

People who own capital assets in Florida short-term—for less than a year—and sell them at a higher price won’t pay any Florida capital gains tax on the profit. However, they [...]

A quality of earnings report—QoE or QofE—is an important financial document written by a team that includes an independent accounting firm. The report provides an extensive review of a company's [...]

Understanding how the Florida self-employment tax works for small and midsize business (SMB) owners in the state is one of the many considerations to take into account when opening a [...]

Tax strategies for small business owners help you protect as much of your business income as possible so that you can achieve your financial goals. Reducing your tax burden strategically [...]

S-corp shareholder-employees must pay themselves a reasonable salary and remit the corresponding federal self-employment taxes or risk heavy penalties from the IRS. Determining a reasonable salary for S-corporation shareholders who [...]