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LLC vs. S Corp: Which Offers Better Tax Savings?

Cherry Bekaert

Unlike a C corporation, which taxes shareholders separately from the entity, both LLCs and S corps are generally subject to only one layer of taxation at the owner level, which could provide significant tax savings over the course of a business’s life. S corp shareholders’ shares of income are not subject to self-employment taxes.

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Get set up for the new tax year with Xero Payroll

Xero

We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end. Don’t forget, there’s also plenty of other resources including support articles , a 24/7 payroll specialist team and webinars you can access at any time!

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20 Small Business Tax Deductions You Need to Know

xendoo

Legal, accounting, and professional fees. Let’s take a look at each of these small business tax deductions in-depth. If you have family members that work in your small business, there are some additional tax considerations. If a family member is under 21, you may not need to pay FUTA or federal unemployment tax for them. .

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

To kick off the campaign, Deloitte hosted a webinar on Olympic Day, focusing on the significance of movement and mental health as part of a holistic approach, exploring what it takes to be an elite athlete and how many of those practices help them beyond sport to find balance and purpose in both their professional and personal lives.

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Restaurant Revitalization Fund – Details

KROST

This does not mean the day the Applicant registered with the Secretary of State to establish the Applicant’s legal entity. rent, equipment, supplies, inventory, accounting, training, legal, marketing, insurance, licenses, fees). Join us for an upcoming webinar on Tuesday, May 4th. Location: Same as physical location below.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

The tax rules and regulations U.S. A recent Thomson Reuters webinar, Get Ready for 2021: Using Checkpoint Edge to Plan for Uncertainty, explored these issues and cautioned companies to brace themselves for significant changes. Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. Recent Changes.