What Is the Basis for an S-Corporation?
When I discuss S-Corporation basis with my clients, there is often confusion about what that term means and how it affects their taxes. In today’s article, I’ll explain the basis for an S-Corporation...
View ArticleHow to Request an S-Corporation Acceptance Letter (CP261) From the IRS
It’s important to keep a copy of your S-Corporation acceptance letter in your business records. If you need to know how to request a copy of your S-corporation acceptance letter, I’ve got the lowdown...
View ArticleHow Form 1125-E Can Help You Avoid IRS Accuracy-Related Penalties
S-Corporation owners and their tax professionals can avoid accuracy-related penalties by maintaining accurate records throughout the year. They can also avoid these penalties by correctly completing...
View ArticleWhat Is Pass-Through Entity Tax (PTET)?
With the majority of states now allowing a pass-through entity tax (PTET) election, my clients have been asking questions about PTET and what this means for their businesses. In today’s post, I’ll...
View ArticleCan Pass-Through Taxation Save You Tax Money?
My clients sometimes ask me: Why am I paying the tax and not my business? In today’s post, I’ll explain pass-through taxation and how it affects your individual tax liability. Why am I paying the tax...
View ArticleFree Meeting Minutes and Bylaw Templates for S-Corporations
My S-Corporation clients often ask me questions about what they need to do to meet requirements for their board of directors, annual meeting minutes, and bylaws. In today’s post, not only will I fill...
View ArticleAre Stock Certificates Required for S-Corporations?
Congrats on setting up an S-Corporation for your business! Many of my clients with new S-Corporations often ask me if stock certificates are required for their business. If you’re also wondering about...
View ArticleShould My Business Be an LLC or an S-Corporation?
Understanding the difference between an LLC and an S-Corporation can be challenging for many entrepreneurs. In today’s post, I’ll give you the information you need to make an informed decision about...
View ArticlePassive Business Owners: Tax Risks and Rewards
Whether your business is already up and running or you’re thinking about diving into a new venture, the term “passive business ownership” may have piqued your interest. But what does it really mean?...
View ArticleUnderstanding Accountable Plans: A Guide for S-Corp Owners
Ever heard of an accountable plan for expense reimbursements? It could be a game-changer for your S-Corporation. In today’s post, I’ll explain how an accountable plan can help S-Corp owners save big on...
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