Virjee Consulting is proud to announce effective August 1st 2023 Abbey Ali, MBA, EA being named Partner overseeing our Client Accounting Service and Tax Business. Abbey will take over take Tax department responsibilities over from Omar Virjee who will move fully into his role as CEO over seeing the management and strategic vision for the […]
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SEP IRA as a Tax Savings tool for S Corp Owners
As a small business owner, saving taxes is always at the forefront of your mind. One of the most powerful tools available to S corporation owners is the Simplified Employee Pension Individual Retirement Arrangement (SEP IRA). SEP IRAs are a popular choice among S corporation owners due to their tax-deferred growth and high contribution limits. […]
100% Bonus Depreciation Deduction a thing of the past starting 2023
The lucrative 100% Bonus depreciation deduction which incentive business owners to buy cars, real estate, start businesses, buy equipment and make improvements to their business is coming to an end. The Facts From 2017 to 2022 businesses benefited tremendously from the 100% Bonus depreciation. This meant when you bought equipment, built out a new dental […]