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

These common instruments raise special considerations in the S corporation context.

Careful planning around LLC vs sole proprietor taxes and LLC vs corporation tax advantages can reduce your bill.

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

In this episode of Tax Notes Talk, the second of a three-part series, Damien Martin and Tony Nitti of EY discuss their top tax cases from 2024, focusing on two S corp cases: Maggard v. Commissioner ...

Discover how sole proprietorships, LLCs, partnerships, C corps, and S corps are taxed. Choose the best structure for optimal ...

When you’re setting up a business, choosing the right corporation type can feel like a big deal. It’s not just about the name; it’s about how your business will be taxed, how you’ll handle ...

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.

Choosing a business structure may not be the most glamorous part of starting a business. In fact, it can actually feel a little daunting. But the business structure you choose can affect how you pay ...

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 ...

“As architects begin to recover from the Great Recession, now is the worst time to raise taxes on a sector of the economy that is a catalysts for job growth in the design and construction industry,” ...