Guide for S Corp Shareholders: What’s a Reasonable Salary?

If you work for yourself, operating as an S Corp instead of a sole proprietorship often makes more sense. Your business remains the same, but the tax benefits can be immense. Why? Because with an S Corp, you can split your income between salary and tax-free distributions. The lower your salary, the less you pay […]

7 Benefits of Working with a CPA

In a world ruled by ever-evolving tax regulations, individuals and businesses alike face a daunting challenge: managing their finances effectively. The work requires time, attention to detail, and knowledge of complex tax laws. This is where working with a Certified Public Accountant (CPA) becomes extremely beneficial. A CPA can act as a trusted advisor, providing […]

WSOP 2023: ITIN Issues Persist for Nonresidents

World Series of Poker (WSOP) 2023 just kicked off at the Paris and Horseshoe casinos. From daring bluffs and impossible folds to record-breaking pots, the WSOP is a time of celebration and excitement for poker players around the world. The Paris and Horseshoe casinos have filed an application to provide ITINs (Individual Taxpayer Identification Number), […]

IRS Increases Standard Mileage Rates Mid-Year

The IRS announced it will increase the standard mileage rate to 62.5 cents per mile for business activities, a 4 cent increase from the earlier in the year, beginning on July 1, 2022. It will increase the standard mileage rate for moving and medical to 22 cents per mile, which is also a 4 cent […]

2022 World Series of Poker

After an abbreviated event at the end of 2021, the World Series of Poker is back to its full slate of live and online events in 2022. Things will look a bit different this year, as it will mark the first year the series moves to the strip. Both Bally’s and Paris will play host […]

Benefits of Having a CPA (Part 2)

Las Vegas Accountants for Business Read the 1st part of the benefits of having a CPA here Owning a business can be stressful. There are numerous tasks to juggle: orders to fulfill, employees to manage and a seemingly unending mountain of paperwork. It’s difficult to do it all yourself and as a small business owner, […]