If you’re a business owner or entrepreneur, you want to have a good understanding of how S corporations save small business owners tax. Accordingly, the paragraphs that follow describe the big benefit of an S corporation (which is that an S corporation minimizes employment taxes). But the paragraphs … [Read more...] about How to Save Taxes with an S Corporation
s corporations
Setting Salaries for S Corporation Shareholder-Employees
If you’ve done much research on the subject of S corporations, you’ve probably already learned that S corporations may allow shareholder employees to save significant amounts of payroll tax. During the 2004 presidential election, for example, the Wall Street Journal reported that the Democratic … [Read more...] about Setting Salaries for S Corporation Shareholder-Employees
Incorporate Your Business: LLC vs. S Corporation
If you’re a new business owner, you may wonder whether or not you should incorporate your business. Well-meaning friends and business colleagues may even have encouraged you to look into the question of “forming an LLC vs. S corp.” It often is a good idea to operate your business as what’s called … [Read more...] about Incorporate Your Business: LLC vs. S Corporation
How Subchapter S Corporations Are Taxed
People often think that S corporations are complicated. That’s not really true in most cases, however. S corporations are actually less complicated, in many ways, than partnerships or limited liability companies treated as partnerships. The General Rule on S Corporation Taxation The general rule … [Read more...] about How Subchapter S Corporations Are Taxed