Insights

Choosing the right business structure is one of the most critical decisions for any entrepreneur, and for many small business owners, an S Corporation (S Corp) offers significant tax advantages. However, it's important to understand how S Corps are taxed and what your...

Running a business comes with a wide range of expenses, from office supplies to travel costs. But the good news is that many of these expenses can be deducted from your taxable income, helping you save money at tax time. At Kruse & Crawford, based in Cincinnati,...

Starting a Limited Liability Company (LLC) is a popular choice for entrepreneurs because of its flexibility and protection. But when it comes to taxes, things can get confusing if you're not familiar with how LLC taxes work. At Kruse & Crawford, based in...

The Importance of Real Estate Accounting: Best Practices for Managing Your Financials Managing finances is one of the most crucial aspects of running a successful real estate business. Whether you’re a property manager, real estate agent, or developer, maintaining...

Eligibility for Property Tax Exemptions: Who Qualifies? Property taxes are one of the largest ongoing expenses for property owners. However, many people are unaware that they may be eligible for tax exemptions, which can significantly reduce their annual property tax...

Startup Taxes Simplified for 2024: Your Complete Guide Starting a new business is exciting, but navigating the world of taxes can quickly become overwhelming for new entrepreneurs. Understanding your tax obligations is crucial for keeping your startup on the right...

Richard Kruse, CPA | August 16, 2024 Running a small business comes with a lot of responsibilities, and one of the most critical yet challenging tasks is managing taxes. To help you navigate the complexities of tax season and avoid common pitfalls, we’ve compiled a...

Richard Kruse, CPA | August 15, 2024 Taxes are often viewed as a financial burden by businesses, but they play a crucial role in shaping and sustaining a healthy economy. Business taxes, in particular, have a significant impact on the economic environment, influencing...

  Maintaining robust accounting practices becomes essential for sustainability and success as digital marketing agencies grow and evolve. Here are some key accounting practices that digital marketing agencies should implement to ensure financial health and...

The IRS will subsidize the cost of your employees thanks to legislation passed earlier this year. The Employee Retention Credit (ERC) was passed as a Covid 19 relief measure to help employers who were not eligible to receive PPP....

The tax code gives you the ability to rent your house to your corporation for 14 days or less per year and get large tax deductions for doing it.  In general, this strategy works, and the IRS has even said so in a private letter ruling.  However, do not let the...

Covid-19 has had created many changes to our workforce. Companies were quickly forced to adopt a work-from-home model for employees and as a result, many are going to transition that way permanently. Many employees moved to states outside of the state where they were...