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The IRS doesn’t publish a reasonable compensation formula for S corp owners, but they do audit for it. Here’s how CSRA business owners can set a defensible salary.
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Planning for next tax season? Get the latest 2026 federal tax bracket information and see how you can reduce your taxable income.
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Wondering what to do if you owe back taxes? Learn how the new IRS online tool works and how SME CPAs can guide you toward an informed financial decision.
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Wondering how to claim a home office on your taxes? Learn how with our guide to eligibility, calculation, and smart tax strategies.
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The 2026 SALT cap increased to $40,000, but high earners face a hidden trap. Learn why the Georgia PTET election could still be your best tax strategy.
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Quick Summary Crossing State Lines: Buying supplies in one state and using them in another triggers a use tax. The Register Is Not the End: Paying sales tax at the checkout counter rarely settles your tax bill. You owe taxes based on the state where the materials are actually installed. The Audit Trap: If South…
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Quick Summary 14 Days or Less: You can rent your house for up to 14 days to earn 100% tax-free income. No Expense Deductions: Since the rental income is tax-free, you cannot write off prep expenses like cleaning or landscaping. The 15-Day Rule: If you rent your house for 15 days or more, every dollar…
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Key Takeaways: Medical Equipment Tax Strategy 2026 100% Bonus is Back: OBBBA (July 2025) permanently reinstated 100% Bonus Depreciation for assets purchased after Jan 19, 2025. The “Georgia Gap”: Georgia generally rejects Federal Bonus Depreciation (requiring a tax “add-back”) but accepts Section 179. For many local practices, Section 179 may be the superior tool to…
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At a Glance: Trump Account Quick Facts Launch Date: July 5, 2026 The Benefit: A one-time $1,000 government deposit plus tax-advantaged growth. Who is Eligible: U.S. Citizens born between Jan 1, 2025 – Dec 31, 2028. The Key Form: Form 4547 (We recommend filing this separately from your tax return.) Your Action Item: File your…
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Does thinking about your personal finances for 2026 feel like a chore? Let’s change that. Instead of viewing a budget as a restriction, think of it as a tool that grants you permission to spend confidently on what matters to you. Start your year on solid ground by committing to make this the year you…
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