The Right Entity Choice: Should You Convert From a C Corporation to an S Corporation?

The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type to another. Although S corporations can provide substantial tax [...]

By |2020-12-28T16:13:41-05:00December 28th, 2020|Categories: Blog, Tax|Tags: , , |Comments Off on The Right Entity Choice: Should You Convert From a C Corporation to an S Corporation?

The Importance of S Corporation Basis and Distribution Elections

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax [...]

By |2020-11-23T12:37:48-05:00November 23rd, 2020|Categories: Blog, Tax|Tags: , , , |Comments Off on The Importance of S Corporation Basis and Distribution Elections

GAAP vs. Tax-Basis: Which is Right for your Business?

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework that will work for your [...]

By |2019-11-13T14:03:32-05:00November 13th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , |Comments Off on GAAP vs. Tax-Basis: Which is Right for your Business?
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