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© Encore Partners LLP 2021 – all rights reserved
site design by digitalstoryteller.io
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 […]
Stay Safe and Informed During Southern CA Winter Storms
/in News, Tax Tips - Business, Tax Tips - Individual/by Betty Kim