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S corp vs C corp vs LLC: What’s the difference, and which one is better for your business?

ThomsonReuters

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. What are the main types of business ownership?

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1099 vs W2: How Should You Pay Your People?

LyfeAccounting

Because if we’re being honest, your payroll is the number one reason why people would even consider working with you. Okay, so here’s what we’re going to cover. #1 1 – What are going to define what a 1099 worker is and what a w2 worker is. #2 3 – We are going to look at what is best for your business.

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IRS Releases Draft of Publication 15 (Circular E) for 2021

ThomsonReuters

The draft addresses issues such as qualified leave wages for 2020 paid in 2021, the impact of the 2020 COVID-19 related tax credits on the 2021 look-back period and provides further clarification on lock-in letters and invalid W-4 forms. What’s New. Aggregate Forms 941. Background. Employer Identification Number.