by Annie Hung-Scanga | May 29, 2020 | Tax
Meet architect – Anthony – after working for an architect firm for a decade, he now decides to hang out his own shingle. He plans to rent office space and hire an assistant. After putting his projected revenue and expenses on paper for the next five...
by Annie Hung-Scanga | May 15, 2020 | Tax
Like the sole proprietor, a partnership is not taxed at the partnership level. Instead, a partnership is considered a pass-through entity, meaning the profit or loss generated from the partnership is passed to each partner via schedule K1 and is taxed on each...
