Owner compensation plays a big role in how much QBI deduction a business owner can receive. In a partnership, guaranteed payments reduce QBI, while in an S corporation, W-2 wages are excluded from QBI. Understanding this difference helps business owners and CPAs plan smarter and reduce taxes legally.
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How Owner Pay Affects Taxes in Partnerships vs S Corporations
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Section 179 vs Bonus Depreciation 2026: Maximize Business Tax Savings
Section 179 and bonus depreciation let business owners deduct equipment costs faster and reduce taxes in the same year of purchase. Learn how these powerful tax tools work, their key differences, and how CPAs help businesses choose the best strategy for maximum tax savings and cash flow.
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Big U.S. Corporate Tax Cuts Coming: How to Prepare Now
The government may soon lower taxes for many U.S. businesses. If you make goods in the U.S., you could pay just 15%. Other companies could pay 20%.
This could mean thousands of dollars in savings for your business every year.But to get those savings, you need to plan ahead.
Our tax experts can help you understand how the law affects your business—and how to get ready. Don’t miss this chance to save.Contact us today for a free consultation. Let’s make sure your business is ready for what’s next.
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Bigger & Faster Tax Refunds in 2025 | What Taxpayers Need to Know
2025 is shaping up to be a great year for taxpayers. Bigger refunds and faster payments mean more money when you need it. Just make sure you file early, check your return carefully, and use direct deposit.
And remember—Elite Consulting PC is here to help you every step of the way. Whether it’s finding extra savings or making sure you don’t miss deadlines, they make tax time easier (and more rewarding) for you.
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Announcing The New Website
We are delighted to announce the launch of our new website!
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Should it be an s corp
I know you’ve heard it from your broker[….]
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Why Real Estate?
Was it because… You wanted to help people live the American dream[….]
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