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2025 – Wishing You a Successful and Prosperous New Year!
/in Encore Culture, News, Tax Tips - Business, Tax Tips - Individual/by Betty KimDear Clients, Trusted Advisors and Colleagues, Happy New Year! As we step into 2025, we’re excited about what lies ahead and look forward to serving you with even greater focus, care, and expertise. Our team has been diligently preparing to support your goals in taxes, accounting, and business consulting—whether for your business, new ventures, personal […]
[Business Tax Tip] Operating as a C corporation: Weigh the benefits and drawbacks
/in News, Tax Tips - Business/by Betty KimWhen deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Here’s a detailed look at the pros and cons of operating as a C corporation. Tax implications A C corporation allows the […]
From flights to meals: A guide to business travel tax deductions
/in News, Tax Tips - Business/by Betty KimAs a business owner, you may travel to visit customers, attend conferences, check on vendors, and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your bottom line. Properly managing travel costs can help ensure compliance and maximize your tax savings. Your tax home Eligible taxpayers can deduct the ordinary and […]