An S corporation is a popular business structure for many self-employed individuals—locum tenens, CRNAs, independent contractors, or small business owners because of its tax advantages particularly for lowering self-employment taxes. However, when it comes to deducting vehicle expenses, there are rules that must be observed depending on who owns the vehicle. Personal Vehicles Used in… Continue reading S Corporation: Deducting Business Use of Vehicles
S Corp Owners: What to Know About Health Insurance Deduction
For many self-employed individuals—locum tenens, CRNAs, independent contractors, or small business owners, electing an S corporation is a smart move bringing in benefits to their business particularly when it comes to lowering their self-employment taxes. However, deducting health insurance premiums for S corp owners can be complicated since there are certain IRS rules and limitations… Continue reading S Corp Owners: What to Know About Health Insurance Deduction
