tax

Asset Sale vs. Stock Sale

Asset Sale vs. Stock Sale Contact Us As we know from our previous article, What is an S-Corporation, s-corps have major tax savings for business owners, most notably avoiding double-taxation and saving money on social security and medicare taxes by using a pass-through income structure. Making the s-corp election is an excellent strategy for business Asset Sale vs. Stock Sale

Flowchart for Maximizing Health Insurance Deductions and Tax Savings in S Corporations

Flowchart for Maximizing Health Insurance Deductions and Tax Savings for S Corporations Contact Us If you’re wondering how health insurance works in an S-Corp, take a look at our full overview, How Do Health Insurance Benefits Work for an S Corporation to get a grasp of the structure. Once you’re familiar with how it works Flowchart for Maximizing Health Insurance Deductions and Tax Savings in S Corporations

How Should S-Corps Reimburse Employees and Deduct Expenses?

How Should S-Corps Reimburse Employees and Deduct Expenses? Contact Us Many small business owners are familiar with deducting their business expenses when operating a sole proprietorship or general partnership. But what about an S-Corp? As you may know from our previous article, S-Corps have huge tax saving benefits, but they use a pass-through income structure How Should S-Corps Reimburse Employees and Deduct Expenses?

How to Take Minutes at your S-Corp or Small Business’s Shareholders’ and Directors’ Meetings

How to Take Minutes at your S-Corp or Small Business’s Shareholders’ and Directors’ Meetings Contact Us If you’re the owner of an S-Corp or small business, you’re likely somewhat aware that keeping the S-Corp filing status comes with some legal requirements. One of which is holding annual shareholders’ meetings and periodic directors’ meetings and documenting How to Take Minutes at your S-Corp or Small Business’s Shareholders’ and Directors’ Meetings

How to Take “Minutes” for Sole Proprietorships or Single Owner Small Businesses

How to Take “Minutes” for Sole Proprietorships or Single-Owner Small Businesses Contact Us As we covered in How to Keep the S-Corp Filing Status, one of the legal requirements for a small business to maintain S-Corp status is documenting, in the form of “minutes,” what is discussed at shareholders’ or directors’ meetings and any major How to Take “Minutes” for Sole Proprietorships or Single Owner Small Businesses

How an S-Corp Subsidiary (QSub) Works for Small Businesses

How an S-Corp Subsidiary (QSub) Works for Small Businesses Contact Us Hopefully you already know the answer to, “What is an S-Corporation?” Now, you may be wondering about some of those more complex topics surrounding S-Corps. If you haven’t already, check out “Can an S-Corp have Subsidiaries and Partnerships?” for a refresher on some of How an S-Corp Subsidiary (QSub) Works for Small Businesses

Who is Considered Allowable Shareholders in an S-Corp?

Who is Considered Allowable Shareholders in an S-Corp? Contact Us As you may already know from one of our other articles, making the S-Corp election and keeping S-Corp status comes with some specific eligibility requirements as well as ongoing requirements to uphold. One of these requirements is that an S-Corporation must have only allowable shareholders. Who is Considered Allowable Shareholders in an S-Corp?