Sports Gambling

The 2018 Supreme Court decision that struck down a 1992 federal law prohibiting most states from allowing sports betting has transformed the US sports landscape. By 2024, the gambling industry had become deeply embedded in US sports culture, with leagues, teams,...

Corporations for Shareholders

The Michigan Supreme Court’s decision in Dodge v. Ford Motor Co., 204 Mich 459; 170 NW 668 (1919), established the principle of “shareholder primacy” in corporate America. The court ruled that Henry Ford had to operate the Ford Motor Company in the...

S-Corporations

S corporations have become an increasingly popular business structure for many small businesses due to their tax advantages and liability protection. And they are a common tool among tax planners. But entity planning isn’t a one-size-fits-all approach. There are...

Tax-Saving Strategies of an S-Corp

Pay Yourself a Reasonable Salary: As an S Corp shareholder, pay yourself a reasonable salary to minimize payroll taxes and take advantage of lower tax rates on distributions. The IRS requires that salaries be reasonable for the services provided to the company.  ...

Metrics in a Small Business

Measurement metrics offer several crucial benefits to small businesses, serving as essential tools for tracking performance, guiding decision-making, and driving growth. Some key advantages include: Improved Decision-Making: By relying on data rather than intuition,...

Pin It on Pinterest