by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 3, 2023 | Small Businesses, Schedule C
Alright, listen up: So, here’s the deal, my friend: About 75% of small businesses choose a Schedule C, but honestly, it doesn’t really make sense when it comes to taxes. But here’s the cool part: If you switch it up and go for an S corporation,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 29, 2022 | Business Planning, Pro Tips, Schedule C, Tax Planning
Suppose you provide “Substantial Services” to your guests – in addition to a nice place to stay. The income you make needs to be reported on a Schedule C. You’ve elevated your activity to that of a business, which significantly impacts how your short-term rental is...
