tax
What is reasonable compensation?
Understand how to determine reasonable compensation for S Corp owners. Avoid IRS penalties by setting the right salary.
Finance & Tax Blog for Entrepreneurs
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tax
What is an Accountable Plan?
Learn how an IRS-compliant accountable plan can provide tax-free reimbursements and reduce payroll taxes. Discover setup steps and key compliance...
Igor Tutelman, CPA
Aug 24, 2024
tax
The Tax Advantages of Starting a Business
Explore how starting a business can unlock tax benefits like deductions, retirement savings, and healthcare write-offs. Learn how to maximize your...
Igor Tutelman, CPA
Aug 24, 2024
tax
What is the difference between a hobby and a business?
Learn how the IRS distinguishes hobbies from businesses and what it means for your taxes. Discover key factors and tips to stay compliant.
Igor Tutelman, CPA
Aug 24, 2024
tax
How is an LLC taxed?
Understand how LLCs are taxed—whether as sole proprietorships, partnerships, or corporations. Learn how to choose the best tax strategy for your...
Igor Tutelman, CPA
Aug 24, 2024
tax
Common Questions About Medical Expenses: Nutrition, Wellness & Health
Common Questions About Medical Expenses: Nutrition, Wellness, and General Health
Igor Tutelman, CPA
Aug 24, 2024
tax
What Should I Do if I Receive Form 1099-K?
Received a Form 1099-K? Learn how to verify its accuracy, report income correctly, and handle errors to stay compliant with IRS guidelines.
Igor Tutelman, CPA
Aug 24, 2024
tax
What Do I Do If I Can't Pay My Tax Bill?
Facing a tax bill you can't pay? Learn how to set up IRS payment plans, request an Offer in Compromise, or seek penalty relief.
Igor Tutelman, CPA
Aug 24, 2024
tax
Who Qualifies as a Dependent?
Learn who you can claim as a dependent—from children to relatives and household members. Maximize your tax benefits with Iota Finance's expert...
Igor Tutelman, CPA
Aug 24, 2024
tax
What is the Small Business Health Care Tax Credit?
Discover how the Small Business Health Care Tax Credit can help you offset employee insurance costs. Learn eligibility criteria and how to apply.
Igor Tutelman, CPA
Aug 24, 2024
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