Tag Archives: #SCorp

Setting Reasonable Compensation for S Corporation Shareholder-Employees

Since an S-Corporation is not taxed at the entity level but rather each owner is taxed at the individual income tax rate on his or her respective ownership percentage of the business income, typically, the shareholder-employee wants to minimize compensation … Continue reading

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S Corporation Basics

An S corporation is a pass-through entity that is treated very much like a partnership for federal income tax purposes. As a result, all income is passed through to your shareholders and taxed at their individual tax rates. However, unlike … Continue reading

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S Corporation Basis

This posting is a little technical, but we think it is worth the effort to try to explain.  In our Practice we see basis issues all the time when taking on new clients and during tax planning where S Corporation … Continue reading

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Electing S Corp status for your LLC

Since we usually get a number of questions regarding the impacts of an LLC electing to be taxed as an S Corporation we thought it would be beneficial to address some of these issues. An LLC is a legal structure, … Continue reading

Posted in Blog, Featured on Homepage, Small Business Accounting, Tax Notes, Tax Planning | Tagged , , , , , | 1 Comment