QBI deduction Archives - Fraim, Cawley & Company, CPAs

OBBBA vs. TCJA: Permanent Cuts, Phase‑Outs, and Your 2026 Game Plan

Q: What are the biggest tax changes in the One Big Beautiful Bill Act compared to an expiring TCJA? A: OBBBA locks several TCJA breaks in place and softens others.…

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July 23, 2025

Business Finance / Business Strategy & Marketing / Taxes & Tax Prep

Sole Proprietor, LLC, S-Corp, or C-Corp? How Your Business Should Be Taxed

Q: Which business entity saves the most tax – sole proprietor, LLC, S-Corp, or C-Corp? A: For owner-operated businesses above roughly $50k profit, an S-Corp usually wins: it slashes self-employment…

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July 16, 2025

Business Finance / Business Strategy & Marketing / Taxes & Tax Prep

S-Corp Reasonable Salary Guide – Avoid IRS Trouble: The Ultimate Playbook for Fair Compensation

Q: How do I determine a “reasonable salary” for my S-Corp? A: Start with what you’d pay an unrelated employee to do your job, then adjust for profit, duties, time…

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June 6, 2025