Answers

Tax answers for practice owners

The questions dental, medical, and professional-services owners actually ask, answered with the rules that apply rather than the rules of thumb that circulate. Written and reviewed by Timothy A. Wijtenburg, CPA, licensed in Florida.

S-Corp Owner Salary

Reasonable compensation: how the number is actually determined, why the "60/40 rule" is not a rule, and what happens when an owner skips salary entirely.

7 answers

S-Corp Election

When the election is worth making, the Form 2553 deadline, late-election relief, and what an S-corp actually costs you in exchange.

6 answers

Quarterly Estimated Taxes

Due dates, the safe harbors that stop the underpayment penalty, and the withholding trick that fixes a shortfall late in the year.

6 answers

Equipment Deductions

Section 179 versus bonus depreciation, why financing does not matter, what "placed in service" really means, and the recapture waiting on resale.

6 answers

Retirement Plans

Solo 401(k) versus SEP versus cash balance, whether you can still set one up for last year, and what hiring your first employee changes.

6 answers

Florida Practice Taxes

What a Florida practice actually files beyond the federal return — reemployment tax, the DR-405 nobody knows about, and local business tax receipts.

6 answers

General educational information about United States federal and Florida tax rules. Tax law changes and every situation turns on its own facts. This is not tax, legal, or financial advice and does not create a client relationship.

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