Blog Post

Shareholder Reasonable Compensation – S Corporation It is important to ensure that you are paying reasonable compensation within your S Corporation to any owners or shareholders.  As a shareholder or owner, if you have taken distributions or draws during the year, then you need to evaluate the amount of wages paid to any owners or […]

Course Description: Proper business structuring and effective asset management are the cornerstones of financial success for any business. This course is tailored for both established business owners and those planning to start their own ventures. Participants will delve into the intricacies of business structuring, asset management, and tax-efficient strategies to grow and protect their businesses.

Course Description: Taking control of your personal finances and understanding how taxes affect your financial well-being is crucial. In this masterclass, participants will gain a deep understanding of personal finance principles, tax optimization strategies, and how to transform complex financial data into clear narratives. Whether you’re an individual or a family looking to secure your

Financial data can often appear as a maze of numbers and jargon, leaving individuals and businesses overwhelmed and unsure of their financial standing. At ASCEND Tax Advisory & Accounting Services, we specialize in transforming this complexity into clear and comprehensible narratives. Our mission is to provide our clients with the guidance they need to make

How to implement tax-free benefits for employees working from home. During Covid-19, companies small and large were forced to adapt to remote work. Workers and businesses invested in home offices and equipment. Now, a growing number of companies are realizing that full remote or hybrid work weeks are here to stay as more employees do

The Corporate Transparency Act (CTA) requirements went into effect as of 1/1/2024 and require certain entities, including Limited Liability Companies (LLCs), to disclose vital information about their beneficial ownership. Below are listed the specific requirements that LLCs must fulfill when registering under the Corporate Transparency Act. If you are the owner of an LLC that

Tax season can be a daunting and stressful time for individuals and business owners alike. The complex web of tax regulations, forms, and deadlines can feel overwhelming, leaving you with a sense of dread every year. But it doesn’t have to be this way. ASCEND Tax Advisory & Accounting Services is here to alleviate the

Tax planning is the bedrock of financial success for small businesses, and it’s a critical aspect that should never be overlooked. At ASCEND Tax Advisory & Accounting Services, we recognize that every financial decision a small business makes has a tax implication, and our mission is to empower you to make these decisions wisely. Tax