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How to Incorporate a Business – 6 Easy Steps!

LyfeAccounting

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Now here are the steps on how you can incorporate a business. Steps on How to Incorporate a Business. Make sense? You proceed with incorporating.

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How to Get Small Business Tax Credits & Incentives

LyfeAccounting

And I really want you to understand this so that’s why I am dedicating the rest of this post to Tax Credits. The “What” and “Why” of Business Tax Credits. Business tax credits are credits that are AVAILABLE for businesses when they file their annual tax return. But WHY does this exist?