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

xendoo

When businesses are born, business owners are likely not daydreaming about taxes and payroll. Yet, they still face the unique challenge of figuring out how to pay themselves, file their taxes, and maximize their tax savings. Like most things involving taxes, it gets complicated. How Do I Pay My Taxes as an S-Corporation?

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp.

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs. S corp.

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Research & Development Tax Credit (RDTC) payment delays – an update

Inform Accounting

We previously notified agents that we have paused some Research & Development Tax Credit (RDTC) payments while we investigate an increase in irregular claims. For the vast majority of claims, we will aim to either pay the payable tax credit or contact you regarding the claim within 40 days. Message from HMRC.

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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Prepare the books for tax season. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises. Xendoo is an online accounting and bookkeeping service dedicated to small business owners.

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BDO USA is Shifting From a Partnership to a Corporation

CPA Practice

First reported by Going Concern on June 19 and confirmed by Bloomberg Tax on June 21, the move gives BDO USA certain advantages that “position our firm for ongoing success as we continue to grow and transform,” it said in a statement to Bloomberg Tax. But Koltin said that’s not the case.

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

xendoo

As they juggle increasing sales, customer service, marketing, and even bookkeeping and accounting , two questions come to mind – how do I pay myself? How do I pay my business’s taxes? . That is why the Xendoo team has created this guide to help you navigate self-payment and taxes as a C-Corporation owner!

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