Lauterbach, Borschow & Co. – Full Service Accounting
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Latest Tax News
Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C
If you earn income as a freelancer, independent contractor, or from a side gig, you’ll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.
How to measure and manage your company’s working capital
Effective working capital management can make all the difference between success and failure in the business world. Learn how to measure and effectively manage your company’s working capital.
Business Interest Expense: How much can you deduct?
The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company’s limit has changed starting with the tax year 2022 and stands to impact many large businesses negatively.
