PCS Blog

Tax Tips and More

Tips and tricks to help small businesses, investors, online businesses, and entrepreneurs.

Alternative Sources For Business Credit – PCS

Alternative Sources For Business Credit – PCS

Conventional bank loans, personal savings, and venture capital are not the only sources of capital for businesses. Here are four other sources of credit for businesses: – Small Business Association  7(a) loans. The federal government sponsors this program....

The Suspension Of Section 212 & What It Means – PCS

The Suspension Of Section 212 & What It Means – PCS

In December of 2017, President Trump signed the Tax Cuts and Jobs Act. This was a huge piece of legislation that affects a lot of areas. It includes new tax brackets, increased standard deduction and elimination of personal...

3 Main Benefits Of Having A Business Entity – PCS

3 Main Benefits Of Having A Business Entity – PCS

Starting a business comes with countless decisions you hope to get right. There is one decision that is a no brainer… Forming the appropriate entity as the foundation. While entities open the door to several benefits, today we’ll explore three that no business owner...

Business Credit & How To Set Up A Profile – PCS

Business Credit & How To Set Up A Profile – PCS

Many small business owners do not know they can establish and build a credit score for their entity. Business credit is the measure of a business’ financial responsibility and track record of how a business meets it’s financial obligations. It can also be used as an...

LLC’s Vs. Sole Proprietorships

LLC’s Vs. Sole Proprietorships

Limited liability companies (LLCs) and sole proprietorships are some of the most common types of businesses, and each offers unique advantages. Both are what are called pass-through entities, meaning that profits and losses flow through to one’s individual tax return....

Understanding Corporate Capital Gains Tax

Understanding Corporate Capital Gains Tax

Corporate Capital Gains Tax comes from the profits from the sale of an asset which could be shares of stock, a piece of land, a business. How long you have had the asset before selling will dictate how and how much you will be taxed on your profits. In 2020 the...