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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

Unlike sole proprietors or partners in a partnership, S Corporation shareholders are not subject to self-employment tax on their share of the corporation’s income. However, they must pay themselves a reasonable salary, which is subject to payroll taxes. What are the Tax Preparation Requirements for an S Corporation?

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Sales Tax Hive Roundtable Launches to Help Bookkeepers and Accountants Tackle Sales Tax with Confidence

CPA Practice

OBannon The Sales Tax Sisters, Mary Thomas (Attorney and CPA) and Stephanie Thomas (CPA), are excited to announce their partnership with Roundtable Labs to launch The Sales Tax Hive , a new roundtable community designed exclusively for bookkeepers, accountants, and finance professionals navigating the complexities of sales and use tax.

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Understanding Nevada LLC Taxes

inDinero Tax Tips

This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate. If you have employees, you also file a Form 941 , which reports payroll tax withheld on their behalf.

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Whitepaper: Elevate Your Firm’s Pricing Strategy. Are You Leaving Money on the Table?

CPA Practice

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Texas Accounting Firm Brown Graham Celebrates 70th Anniversary

CPA Practice

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology (..)

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IRS Reminds Tax Pros of Requirement for a Written Information Security Plan (WISP)

CPA Practice

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Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report

CPA Practice

OBannon In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024 – as many local governments continue to grapple with the state of the economy and generating revenue. a provider of indirect tax solutions. Rates and Rules Report from Vertex Inc. ,