ThomsonReuters

MARCH 1, 2024

As a pass-through entity, one of the biggest tax advantages of the S corp business structure is that it avoids double-taxation, which means S corps don’t have to pay taxes at the federal level the way C corps do. You may wonder how the S corporation taxation generally works. Are you really doing everything you can to reduce your tax burden?

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Ronika Khanna CPA,CA

JUNE 30, 2023

I have addressed some of them in my blog posts on the factors to consider when choosing salary or dividends and the types of ways to structure your remuneration. There are however specific questions that common up frequently: What is the difference between a salary and dividend?

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ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables.

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Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Sole Trader By far the simplest of structures is that of a sole trader; a self-employed person working on their own. Entering the world of self employment and being your own boss is extremely exciting.

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LyfeAccounting

NOVEMBER 2, 2020

Because if we’re being honest, your payroll is the number one reason why people would even consider working with you. We want to maximize our pay structure between contractors and employees so we can get the best outcomes for everyone. Okay now that’s over. Things get real. But the biggest task is pay. What is a 1099 Worker?

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ThomsonReuters

JANUARY 9, 2024

In other words, C corps are not taxed as individuals, they are taxed as a business structure that is legally separate from the people who own and operate the business. One unique aspect of C corporations is that they are subject to “ double taxation.” This means that a C corp’s profits are effectively taxed twice.

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ThomsonReuters

FEBRUARY 8, 2024

Managing an LLC As a business structure, the primary purpose of an LLC is to protect the owners’ personal assets from debt collection and lawsuits aimed at the LLC. Payroll taxes are paid on a “pay-as-you-go” schedule determined by the IRS and are usually paid via the Electronic Federal Tax Payment System , or EFTPS.

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