Stephen Nelson
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How Obamacare Medicare Tax Hits Limited Liability Company
While big businesses may be getting hit hard over Obamacare costa and taxes, the landscape looks different for many small businesses. Yes, the new law increases the Medicare tax burden of many small businesses, including limited liablity companies. But not every small business and entrepreneur gets hurt... A Quick Review of How the Medicare Tax Increases Work Medicare taxes related to healthcare... (posted by Stephen 2 years 54 days ago.)
While big businesses may be getting hit hard over Obamacare costa and taxes, the landscape looks different for many small businesses. Yes, the new law increases the Medicare tax burden of many small businesses, including limited liablity companies. But not every small business and entrepreneur gets hurt... A Quick Review of How the Medicare Tax Increases Work Medicare taxes related to healthcare... (posted by Stephen 2 years 54 days ago.)
Three Easy Tax Planning Tips for the One-man S Corporation
An S corporation with a single shareholder-employee often gets short-changed in terms of good tax planning. But perhaps that shouldn't be a surprise. Oftentimes, these small businesses don't have their tax returns prepared by a business tax expert, but rather a bookkeeper, enrolled agent or CPA who specializes in individual taxes. Furthermore, even if the one-person S corp does go to a larger... (posted by Stephen 2 years 59 days ago.)
An S corporation with a single shareholder-employee often gets short-changed in terms of good tax planning. But perhaps that shouldn't be a surprise. Oftentimes, these small businesses don't have their tax returns prepared by a business tax expert, but rather a bookkeeper, enrolled agent or CPA who specializes in individual taxes. Furthermore, even if the one-person S corp does go to a larger... (posted by Stephen 2 years 59 days ago.)
Understanding the Subchapter S Election Deadline
Deciding to operate a business as an S corporation is usually a pretty simple decision to make because S status often saves a business thousands of dollars in taxes a year. Unfortunately, business owners often find the S corp timing rules confusing. The basic rule-- elect by day fifteen of month three--only sounds simple. Determining the S Election Deadline for a Corporation For corporations, the deadline... (posted by Stephen 2 years 79 days ago.)
Deciding to operate a business as an S corporation is usually a pretty simple decision to make because S status often saves a business thousands of dollars in taxes a year. Unfortunately, business owners often find the S corp timing rules confusing. The basic rule-- elect by day fifteen of month three--only sounds simple. Determining the S Election Deadline for a Corporation For corporations, the deadline... (posted by Stephen 2 years 79 days ago.)
Some S Corporation Disadvantages
Electing S corporation status delivers many benefits to the small business owner, including lower taxes. But S corporation disadvantages do exist... Ponder, for instance, the following: S Corporation Tax Returns An S corporation requires its owners to prepare and submit an additional federal income tax return for the corporation. In most states, a state corporate tax return is also required. The S corporation tax return... (posted by Stephen 2 years 119 days ago.)
Electing S corporation status delivers many benefits to the small business owner, including lower taxes. But S corporation disadvantages do exist... Ponder, for instance, the following: S Corporation Tax Returns An S corporation requires its owners to prepare and submit an additional federal income tax return for the corporation. In most states, a state corporate tax return is also required. The S corporation tax return... (posted by Stephen 2 years 119 days ago.)
Incorporating in California vs. Incorporating in Nevada
If you own or are thinking about starting a business in California, you've heard about the Nevada incorporation option. Someone has surely told you that you shouldn't incorporate in California. Instead, you've been told you should incorporate in Nevada, where the taxes are lower. Incorporating in Nevada can seem like an attractive tax planning opportunity. And sometimes the option works. Before you... (posted by Stephen 2 years 168 days ago.)
If you own or are thinking about starting a business in California, you've heard about the Nevada incorporation option. Someone has surely told you that you shouldn't incorporate in California. Instead, you've been told you should incorporate in Nevada, where the taxes are lower. Incorporating in Nevada can seem like an attractive tax planning opportunity. And sometimes the option works. Before you... (posted by Stephen 2 years 168 days ago.)
LLC vs. LLP: Four Reasons to Choose the Limited Liability Partnership Option
Llc vs. llp anxiety? No surprise there. Heck, every lawyer and CPA in the country appears to be gag-gag over the limited liability company option. And then, of course, if you've been even half observant, you'll undoubtedly have noticed that many big law and accounting firms have selected the LLP, or limited liability partnership, option. And that fact surely makes one wonder if... (posted by Stephen 2 years 173 days ago.)
Llc vs. llp anxiety? No surprise there. Heck, every lawyer and CPA in the country appears to be gag-gag over the limited liability company option. And then, of course, if you've been even half observant, you'll undoubtedly have noticed that many big law and accounting firms have selected the LLP, or limited liability partnership, option. And that fact surely makes one wonder if... (posted by Stephen 2 years 173 days ago.)
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