by Joan Buchman Miller | Jan 12, 2026 | Accounting, LLC, S Corporation, tax planning
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through” entities because their taxable income items, tax deductions and tax credits are...
by Joan Buchman Miller | Oct 28, 2025 | Accounting, C Corporation, income tax, LLC, S Corporation, tax planning
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA)....
by Joan Buchman Miller | Aug 11, 2025 | Accounting, C Corporation, income tax, LLC, S Corporation, tax planning
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity and regulatory compliance obligations....
by Joan Buchman Miller | Sep 16, 2024 | Accounting, LLC
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your business remains...
by Joan Buchman Miller | Sep 3, 2024 | Accounting, LLC, tax planning
Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses, a limited liability company (LLC) is an attractive choice. It can be structured to...
by Joan Buchman Miller | Aug 27, 2024 | Accounting, LLC, tax planning
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is that these entities offer federal income tax advantages, the most important of which is pass-through...
