Estimated Tax Payments: How to Avoid IRS Penalties and Plan Ahead for 2025
If you’re self-employed, own a business, or earn income outside of a W-2 job, estimated tax payments are a critical part of staying in good standing with the IRS. But many taxpayers miss deadlines, miscalculate their payments, or overlook important planning strategies—resulting in unexpected penalties, interest charges, or cash flow issues. At Milestone Certified Public […]
LLC vs. S-Corp vs. C-Corp: Which Is Right for Your Business in 2025?
At Milestone Certified Public Accountants Inc., we guide business owners through this critical decision with clarity, strategy, and foresight. In this article, we compare LLCs, S-Corps, and C-Corps in 2025 and help you determine which might be the best fit. Choosing the right legal structure for your business is one of the most important decisions […]
When to Set Up an S-Corporation as a Sole Proprietor—and How It Can Boost Your Bottom Line
If you’re currently operating as a sole proprietor, you may be wondering when and why to consider transitioning to an S-Corporation. While simplicity and flexibility make sole proprietorships popular, there comes a point where the tax advantages of an S-Corp can significantly outweigh the costs. In this blog, we’ll explore the benefits, timing, and qualifications […]
How to Qualify as a Real Estate Professional and Maximize Tax Savings with Cost Segregation
If you’re a real estate investor or own multiple rental properties, you’ve probably heard about the Real Estate Real estate investing can generate substantial wealth—but without the right tax strategies, you may be leaving money on the table. If you’re actively involved in real estate, qualifying as a real estate professional and implementing cost segregation […]