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Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation.

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How Do I Pay Myself and My Taxes as a C-Corporation?

xendoo

C-Corporations file their taxes using Form 1120, which reports the business’s income, losses, credits, and deductions. To ensure that your C-Corporation taxes are filed correctly and on time, you can partner with an online CPA. Discuss your options with an online C-Corporation accountant at Xendoo today! .

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How Do I Pay Myself and My Taxes as an S-Corporation?

xendoo

Once approved by the IRS, you will file your S-Corporation taxes using Form 1120S. . To minimize error and maximize tax savings, partner with an online Tax CPA at Xendoo. We file your taxes for you so you can focus on growing your business. .

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Accountants Missing Construction’s Nuanced Cash Management Needs

PYMNTS

” Aside from tax compliance, Hutcheson also said that overall cash management and corporate accounting for this industry can be a headache. . “You have estimates, bidding [and] change orders that all influence the actual books.”