While a partnership is an informal business structure when compared to an S corporation, both are similar in their tax requirements for their ability to avoid corporate taxes. General partnerships ...

Section 1202 of the Internal Revenue Code offers business owners, including potentially S corporation owners, an extraordinary opportunity: ...

Although the S corporation election is popular with small businesses and the management of the company may look more like a partnership, an S corp is still a corporation, and its ownership is based on ...

Many entrepreneurs with a Limited Liability Company (LLC) or C Corporation find S Corporation tax treatment an attractive option. An S Corporation is not a business entity in and of itself, but rather ...

You've probably heard that being an S Corporation has some perks. It certainly can for some businesses. Might it be the right option for you? Let's take a moment to chat about all things S Corp so ...

According to the Wall Street Journal, in 2017 and 2018, President-elect Joe Biden avoided paying payroll taxes on $13.3 million in income by setting up an S-corporation for his royalty and speaking ...

Electing S corporation status offers significant tax advantages but introduces complications for employee benefits planning. This post highlights the key benefits issues that arise when a company ...

The S corporation is often more attractive to small-business owners than a standard (or C) corporation. That’s because an S corporation has some appealing tax benefits and still provides business ...

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.