Mailbox - Self Rentals, S-Corps and Sales Tax [E124] - Business By The Numbers
Thanks to our partners, NAPA TRACS and Promotive
More listener questions answered! This week is all about S Corporation tax benefits, determining fair market rent when renting property to yourself, and the details of sales tax on internal transactions. Optimize your tax strategy and enhance your business operations.
\u2022\tUnderstanding the advantages and state-specific impacts of transitioning to an S Corporation.
\u2022\tThe importance of charging fair market rent to avoid future complications when selling your business.
\u2022\tClarifying the difference between sales tax and use tax for internal transactions and ensuring compliance.
\u2022\tReal-life examples and answers to common tax planning and business structuring questions from listeners.
https://www.tn.gov/revenue/2024franchisetax.html
Thanks to our partners, NAPA TRACS and Promotive
Thanks to our partners, NAPA TRACS and Promotive
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Paar Melis and Associates \u2013 Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: podcast@paarmelis.com
Get a copy of my Book: Download Here
Paar Melis and Associates \u2013 Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: podcast@paarmelis.com
Get a copy of my Book: Download Here