For some, this may include refining their financial structures, specifically working to minimize tax implications moving forward. One method that is gaining traction is the S corporation election.

With an S-corp, profits pass through to the shareholders’ personal tax returns and they pay taxes ... a sole proprietorship or partnership, an LLC benefits from pass-through taxation (and ...

That's because an S corporation has some appealing tax benefits and still provides business owners with the liability protection of a corporation. With an S corporation, income and losses are ...

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

They’re a popular choice for small businesses, because they combine the liability protection of a C corporation with the tax benefits of a partnership or sole proprietorship. S-corps are also ...

The Public Company Accounting Oversight Board has withdrawn the two standards it approved on firm and engagement metrics and firm reporting.

An S corporation (S Corp) is a tax designation available to small businesses that allows them to enjoy the benefits of incorporation while being taxed similarly to a partnership. Unlike a sole ...

In this case, the business reports all income and deductions on Form 1120 each year and pays the corresponding income tax. You can choose to be treated as an S-Corporation for tax purposes.