Get the latest tax and finance news
right in your inbox
Main Office
4350 Executive Drive
Suite 260
San Diego, CA 92121
858.549.7100
Beverly Hills Office
9595 Wilshire Blvd,
Suite 900
Beverly Hills, CA 90212
310.300.8480
© Encore Partners LLP 2021 – all rights reserved
site design by digitalstoryteller.io
© Encore Partners LLP 2021 – all rights reserved
site design by digitalstoryteller.io
Better tax break when applying the research credit against payroll taxes
/in News, Tax Tips - Business/by Betty KimThe credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for you. But in addition to the credit itself, be aware that there are two additional features […]
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
/in News, Tax Tips - Business/by Betty KimIf you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s taxable to you to the extent of your corporation’s “earnings and profits,” but it’s not deductible by the corporation. 5 […]
Taking your spouse on a business trip? Can you write off the costs?
/in News, Tax Tips - Business/by Betty KimA recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having […]