Corporations

18 06, 2019

Conversion from a C Corp to an LLC

By |2019-06-18T01:52:39+00:00June 18th, 2019|Corporate Tax, Corporations, Grow Your Business|Comments Off on Conversion from a C Corp to an LLC

While a conversion from a C Corp to LLC status can have a high tax cost, in some cases, such a conversion can be beneficial. Why convert? Converting from a C corporation to an LLC [...]

29 04, 2016

S-Corporation Compensation: Let’s be Reasonable

By |2016-08-25T14:45:41+00:00April 29th, 2016|Corporations|Comments Off on S-Corporation Compensation: Let’s be Reasonable

When you incorporated you set up an S-Corporation to run your business, and your understanding was that you could use this structure to pay yourself whatever you wanted to. Hold on! Before you proceed with [...]

3 03, 2015

LLC Electing S Corp Status — The Best of Both Worlds

By |2015-04-06T18:24:06+00:00March 3rd, 2015|Accounting Tips, Corporations, Tax and Auditing|Comments Off on LLC Electing S Corp Status — The Best of Both Worlds

So you are ready to start a small business. You have a wonderful vision for a unique new service or special product. Your business plan is a work of art. You are ready to cast [...]

26 02, 2015

Tax Advantages of Filing as LLC, S-Corp and More

By |2015-04-06T18:24:15+00:00February 26th, 2015|Corporations, Small Business, Tax and Auditing|Comments Off on Tax Advantages of Filing as LLC, S-Corp and More

Your business format certainly impacts your financial performance. This is especially relevant as tax season approaches us. Sole proprietorship Many entrepreneurs establish their businesses as sole proprietorships. Essentially, the person and the business are synonymous, and [...]

26 06, 2014

Tax Deduction Planning is Key

By |2014-09-16T14:32:38+00:00June 26th, 2014|Corporations, Small Business, Tax and Auditing|0 Comments

Tax deduction planning is very important as can be seen in this recent case result: An independent travel agent was not entitled to meal, entertainment, travel, telephone, bank and educational expense deductions on her Schedule [...]