Small Business Taxes - OSCPA Tax Advisory

LLC Tax Filing: How a Single-Member LLC Reports Income to the IRS

Tax PreparationJune 16, 2026418Views 31Likes 0Comments

The Big Misconception A lot of new business owners think forming an LLC automatically creates a separate tax return. Not always. An LLC is a legal structure, not a tax classification. A standard single-member LLC usually does not file its own separate federal business tax return. Instead, the IRS treats the business as part of…

Understanding Owner’s Draw vs. Salary: What Every Business Owner Should Know

Small Business AccountingJune 3, 2026429Views 31Likes 0Comments

The Corporate Account Myth Just because money is sitting in your business bank account does not mean you can spend it however you want. How you take money out of the business matters just as much as how much you take. The two main ways owners pay themselves are Owner's Draws and W-2 Salaries. Get…

How an S-Corp Election Can Save You Thousands in Self-Employment Tax

Tax Advisory & PlanningJune 1, 2026377Views 31Likes 0Comments

The 15.3% Self-Employment Tax Wall If you run a standard sole proprietorship or single-member LLC, your business profit gets hit with self-employment tax. For many owners, the self employment tax rate 2026 is the wall they keep running into. That rate is generally 15.3%. It covers: 12.4% Social Security tax 2.9% Medicare tax And here…

5 Signs You’ve Outgrown DIY Tax Software

Tax Advisory & PlanningApril 30, 2026345Views 22Likes 0Comments

The False Sense of Security Let’s be honest. DIY tax software is appealing for a reason. It feels fast. It feels affordable. It asks simple questions, gives you progress bars, and makes tax filing feel like you are just clicking your way through a checklist. For a lot of people, that worked perfectly fine for…

Tax Calendar: Key Deadlines Every Business Owner Should Know

Tax PreparationApril 29, 2026343Views 21Likes 0Comments

The Penalty Trap The IRS loves a missed deadline because missed deadlines turn into easy penalties. That is why so many business owners ask, when are business taxes due, and get tripped up by the answer. It is a trick question. The due date depends entirely on how your business is structured. A sole proprietor…

Year-End Tax Planning Checklist for Small Business Owners

Tax Advisory & PlanningApril 22, 2026341Views 22Likes 0Comments

The clock is ticking. At midnight on December 31, year end tax planning 2026 officially turns into tax preparation. In plain English, that means your opportunity to change your tax bill disappears, and all that is left is reporting what already happened. That is why the real answer to how to reduce business taxes before…

Tag: Small Business Taxes

LLC Tax Filing: How a Single-Member LLC Reports Income to the IRS

Understanding Owner’s Draw vs. Salary: What Every Business Owner Should Know

How an S-Corp Election Can Save You Thousands in Self-Employment Tax

5 Signs You’ve Outgrown DIY Tax Software

Tax Calendar: Key Deadlines Every Business Owner Should Know

Year-End Tax Planning Checklist for Small Business Owners

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