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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

to allow businesses to pay their corporate taxes in bitcoin. JPMorgan Chase ‘s recent announcement of its new JPM Coin , a bank-backed cryptocurrency to deploy in its corporate payment operations, also signaled a major push to apply crypto in corporate payments.

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Autumn Budget 2024 Commentary: Manufacturing

Menzies

Main Initiatives Manufacturers operating in the following areas of specialism could stand to gain from specific initiatives: Committing £975 million in R&D funding for the aerospace sector over five years. Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years.

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Not for Profit Structures

Menzies

To help, we have prepared a summary of the various vehicles that can be used, and their main features. The main ways in which NFP entities are set up are as follows:- Community Interest Companies (CICs) These are like “normal” companies except that these have “CIC” after their name rather than “Limited”.

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Profit extraction for corporate owner managers

Menzies

One of the main benefits of a company when compared to a sole trader business is that there is flexibility in when and how you extract profits, giving you the control to ensure you are optimising your overall tax position. Dividends are not deductible for corporation tax purposes, but they do not attract NICs charges.

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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Discussions are ongoing.