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Pass-Through Entities: New 20 Percent Qualified Business Income (QBI) Deduction

Pass-Through Entities: New 20 Percent Qualified Business Income (QBI) Deduction

The Tax Cuts and Jobs Act (TCJA) added a new tax deduction for owners of pass-through entities – a 20 percent deduction of qualified business income (QBI) from a qualified trade or business. Here's what this means, who qualifies, and the limitations.

LLC vs. C Corporation

Choice of Entity: LLC vs. C Corporation

LLC vs. C Corporation tax advantages and disadvantages: The pros and cons of doing business as a C corporation versus an LLC taxed as a partnership.

7 Best Small Business Accounting Software Options

Small business accounting software is amazingly powerfully and streamlined these days. Here’s a handy list of some of the best accounting software options.