Tax Planning & S Corps

Payroll setup in Los Angeles: the steps, EDD registration, federal and California filings, S corporation owner pay, and how to choose a provider.

Where to find QuickBooks bookkeeping in Los Angeles: DIY, a freelancer, a firm or a tax firm. Cleanup steps, record retention and local tax rules.

Who helps with business formation and tax planning in Los Angeles, how LLC, S corp and C corp costs compare in California, and how the S election works.

Missed the Form 2553 deadline? Rev. Proc. 2013-30 gives you a 3-year-and-75-day window to fix a late S corp election. Here's how it works.

California S corp taxes explained: the $800 minimum franchise tax, the 1.5% entity tax, and the PTE election that gets around the federal SALT cap.

How much salary should an S corp owner take? The IRS reasonable compensation test, the court cases behind it, and a payroll tax example.

Learn how to set a reasonable salary in your S-corp to avoid IRS scrutiny and penalties. #taxes #irs

How to set S-corp reasonable compensation when you live abroad: the FEIE sets your ceiling, defensible comp sets your floor, and the math in between.

The plain-English guide to choosing an entity, what each costs to set up ($750 LLC, $1,250 S-corp, flat), and the tax questions filing mills never ask.

You already pay for your kids phones, clothes, activities, and the car you are saving toward. What if some of that money could come out of your business as a deduction and land in your childs hands taxed at almost nothing? That is not a trick. It is a long-standing planning move: put your children on the payroll for real work, deduct their wages against your business income, and let those wages fall under your childs standard deduction, where they are largely tax-free. The we

There's a line in the tax code — Section 280A(g) — that lets you rent your home to your own business for up to 14 days a year, deduct every dollar on the business side, and receive that money completely tax-free on your personal side. It's not a loophole or a gray area — it's been law for decades, nicknamed the "Augusta Rule" after the Masters-week homeowners in Augusta, Georgia who rented their houses tax-free. Most business owners have never heard of it. Here's how it actua

Thinking about electing S-corp status? Here's how the self-employment tax savings really work, what it costs to maintain, and when it's worth it.

If you run a digital marketing consultancy and you are still filing as a sole proprietor on a Schedule C, there is a good chance you are overpaying the IRS by five figures a year. Not because you did anything wrong. Because nobody showed you the math. I am Sabih Shafi, an Enrolled Agent licensed to represent taxpayers in all 50 states. I see this every tax season: a consultant clearing 150k, 200k, sometimes more, handing the government a self-employment tax bill that a differ