How Business Owners may be Able to Reduce Tax by Using an S Corporation

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill [...]

By |2020-02-18T19:50:52-05:00February 18th, 2020|Categories: Blog, Tax|Tags: |Comments Off on How Business Owners may be Able to Reduce Tax by Using an S Corporation

Should You Elect S Corporation Status?

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people may also be able to lower their exposure to Social Security [...]

By |2019-10-16T17:28:42-04:00August 19th, 2019|Categories: Blog, Tax|Tags: |Comments Off on Should You Elect S Corporation Status?

Is This Your Situation: Confused About Salary Rules in an S-Corp

You're in business to make money to feed your family, send the kids to college or drive the sports car of your dreams. But when you're a shareholder in an S corporation, how and how much you get paid can [...]

By |2018-04-11T14:52:17-04:00April 10th, 2018|Categories: Blog, Tax|Tags: , |Comments Off on Is This Your Situation: Confused About Salary Rules in an S-Corp