The Importance of S Corporation Basis and Distribution Elections By: Karen Baksa CPA S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because […]
IRS releases 2021 amounts for Health Savings Accounts By: Karen Baksa CPA The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the […]
