Author: Kevin Noles

Uncertain of a New TCJA Rule?

Aug 12, 2019 Tax by Kevin Noles
Do This to Avoid PenaltiesThanks to the Tax Cuts and Jobs Act (TCJA) tax reform, you have thousands of pages of new tax rules and not a lot of guidance on many of them.  Let’s say you want to take a certain tax-deduction position on your tax return, but you think it could go either
Read More

Paying Yourself a W-2 as a Sole Proprietor?

Jul 31, 2019 Tax by Kevin Noles
Many Sole Proprietors and Partnerships are envious of the Section 199A 20 percent deduction.  Because of this, they turn to paying themselves W-2 wages to reduce their tax burden.  WRONG!  A Sole Proprietor or Partner may not be W-2 employees of their own Sole Proprietor or Partnership.  Neither does using a Certified Professional Employer Organization
Read More