Top 5 Tax Mistakes That Smart Business Owners Still Make
Even the smartest business owners make simple tax mistakes—like misclassifying workers or misunderstanding deductions. Here’s how to avoid them and save more.
How to Pay Yourself from Your S Corp the Right Way
Not sure how to pay yourself from your S corp? Learn how to balance salary and distributions, avoid IRS issues, and reduce taxes with Varsity Tax Prep.
Personal vs. Business Taxes: What Changes When You Move States as an S Corp Owner
Learn how moving to a new state changes personal and business taxes for S Corp owners. Avoid costly surprises with Varsity Tax Prep’s expert tips.
1099 or Something Else? What Business Owners Need to Know Before Hiring Help
Many business owners issue 1099s without realizing the IRS may see things differently. This guide breaks down what you need to know about hiring help, avoiding misclassification penalties, and protecting your growing business.
Do You Need to File a BOI Report? Here’s the Answer
Most LLCs and S corps are now required to file a Beneficial Ownership Information Report by January 1, 2025. This post breaks down who needs to file, what information is required, and how to stay compliant without the stress.
FIRPTA Explained: What Foreign Sellers Need to Know
FIRPTA withholding can confuse both buyers and foreign sellers. This post explains what it is, how it works in residential transactions, and how sellers can recover excess tax withheld.
Varsity Tax Prep Launches for Youth Sports Pros
Varsity Tax Prep is here. Learn how Jason Kramer, former coach and referee, launched a tax firm designed specifically for youth sports business owners.