article thumbnail

Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?

LyfeAccounting

If you plan to re-invest most of the profits back into your business, leaving very minimal profit, S-Corp status likely does not make sense. #3: States such as New Hampshire, Tennessee, and Texas ignore S-corporation status and tax them as C-corporations. appeared first on Small Business Accounting & Finance Blog.

Tax 52