Operating an LLC—or a corporation—taxed as an S-corp can provide significant tax savings to small businesses at every level.

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

An S corp is an organization that has chosen to pass its tax burden to its shareholders, rather than report income, losses, deductions and credits directly to the Internal Revenue Service (IRS).

An S-corp is a special designation in the U.S. tax code for small businesses. Pros include less personal liability. Many, or all, of the products featured on this page are from our advertising ...

S-corps and C-corps have very different pros and cons when it comes to taxes, formation and who the owners are. Many, or all, of the products featured on this page are from our advertising partners ...

However, adopting the S corporation election could be one way to manage this burden effectively. By partitioning income into a reasonable salary and distributions, entrepreneurs can potentially ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

The deadline for existing limited liability companies and C Corporations to elect S Corporation tax treatment for the tax year 2022 was March 15. So, what happens if a business missed the S Corp ...

In this podcast episode, a collaboration between the JofA and the Tax Section Odyssey podcasts, Tony Nitti, CPA, partner—National Tax at EY, joins April Walker, CPA, CGMA, lead manager—Tax Practice & ...