Pennywise Tax Strategies Blog

Optimizing Tax Strategies: Understanding S Corporation Elections for Tax Purposes, Reasonable Wage, and Accountable Plans

January 23rd, 2024
Selecting the correct business entity is pivotal in shaping your tax strategy. Among the various options available, the S ...

Save on Your Energy Efficient Home Improvements with Tax Credits

January 19th, 2024
Did you make any energy-efficient upgrades to your home in 2022? Or are you planning renovations for 2023?

Demystifying Small Business 1099 Tax Forms

January 10th, 2024
It's tax season, which means small business owners should be thinking about 1099s!

Maximizing Tax Deductions for Your Office Holiday Party

November 29th, 2023
The holiday season is a perfect time to show your staff appreciation and boost morale with an office party.

Spreading Holiday Cheer and Saving on Taxes: A Guide to Business Gift Giving and Tax Deductions

November 22nd, 2023
As the holiday season approaches, businesses often consider showing appreciation to their clients, employees, and other bu...

Common Tax Mistakes to Avoid in Your Business Tax Strategy

November 17th, 2023
As a business owner, you understand the importance of staying on top of your taxes.

Why You Should Plan Your 2024 Tax Strategy Now

November 10th, 2023
Tax season may seem like a distant thought, but the time to start planning for your 2024 taxes is now.

Maximizing Business Expense Deductions for Tax Savings

November 8th, 2023
It's the fourth quarter - which means it's time to tally up potential business expenses for tax savings!

Why a Strong Tax Strategy Is Important for Construction Companies

November 3rd, 2023
The construction industry is one of the most competitive in the world, with contractors constantly vying for new projects ...

Why Tax Strategy is Important for Restaurants

October 27th, 2023
Restaurants are notoriously thin-margin businesses. In fact, the average profit margin for restaurants is just 5%.

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