QBID + NIIT: Income Management and Opportunities for Small Business S-Corp Owners

By Tom Bodin, CFA

Starting in 2022, there may be two significant income thresholds facing S-Corp business owners: the Qualified Business Income Deduction (QBID) and the proposed Net Investment Income Tax (NIIT) found in the Build Back Better legislation. The challenge, then, is to identify strategies to maintain the tax benefit of the S-Corp entity without limiting business profitability, recognize applicable income thresholds, and apply a toolset to show an effective approach to minimizing taxes given the above thresholds.

Maria Flores

Next Post

Home-based businesses struggle after Marshall Fire

Tue Jan 25 , 2022
BROOMFIELD, Colo. — A cramped hotel area now serves as a house office environment for Melodie Reagan and her associate. “We are continue to in a resort,” stated Reagan. “And with equally of us operating from residence, it’s developed complexities.” Just before the Marshall Hearth, Reagan operated her promoting and […]