Welcome to the Parker Franklin Tax LLC blog — a resource created to help individuals and small business owners better understand taxes, IRS requirements, and smart financial decisions. These articles are designed to break down complex tax topics into clear, practical guidance you can actually use.
From personal and business tax planning to IRS notices, audits, and representation, this blog covers timely topics that affect taxpayers throughout the year — not just during tax season. Whether you’re looking to reduce future tax liability, stay compliant, or understand an IRS letter you’ve received, you’ll find straightforward explanations and helpful insights here.
S Corps, LLCs & Entity Strategy
Choosing the right business structure affects taxes, liability, and long-term growth. This section explains Schedule C, LLC, and S corporation strategies, including when elections make sense, how payroll impacts taxes, and how entity planning can reduce self-employment tax and improve compliance.
