Jason T. Dinesen, LPA, EA
TAX & ACCOUNTING
I admit to being a bit of a tax nerd. I love helping people alleviate their fear of – and frustration with – taxes. I started my firm as a side business with 3 clients while working a day job in a “cubicle farm” in West Des Moines. The “side business” quickly became something much more than that, and by August of 2011, I had left the cubicle behind and took my own business full-time. I’ve thoroughly enjoyed the process of growing my business….
Converting to an S-Corp — The QBI Deduction Complicates the Choice
The decision to be an S-corporation might be a bad thing for the overall tax picture of a small business right now, in light of the qualified business income deduction. Like everything with taxes, “it depends.”
I am not a huge fan of S-corps, and quite frankly there’s nothing wrong with being a sole proprietor. There …
Retirement Account Contributions After Year-end; Chasing Your Tail
I usually try to steer clients away from making contributions to a retirement account after the year ends, even if they might get a deduction in that prior year. Example: an individual has until April 15, 2022, to put money into an IRA and count it (and take a deduction for it) as a 2021 …