Did you know that every entity registered with any state secretary of state must complete an additional Beneficial Owner Information report or face a $500-per-day late filing penalty? I hope you knew that, but I bet this got your attention if you didn’t know.

It’s pretty common for clients to consider buying equipment at year's end in order to write it off for tax purposes. Bottom line: We need to think about depreciation timing for when the tax deduction will help the most.

The S corporation election has a lot going for it, but to protect the election and reap the most benefit from the S election, we can’t treat it like an open range and wander all over the landscape.