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 Corporation is an IRS tax classification that allows an eligible entity to be a pass-through entity for tax purposes. This means that the business owners will report their share of business ...

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).

Discover the pros and cons of S corporations and why they're a favored structure for entrepreneurs. Learn about tax benefits, shareholder rules, and more.

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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 ...