When to Have Your LLC Taxed as an S-Corp
When is the right time to have your small business taxed as an S-Corp? We look at some the pros and cons to consider when weighing this change.
s-corp
Update: Aggregating Multiple Pass-Through Entities for the 20% QBI Deduction
Update: The IRS recently released guidance related to the 20% QBI deduction. In this article we dig into the concept of aggregation and what it means for owners of multiple related businesses.
What is a “closing of the books” election, and how can it help allocate income or loss in an S-Corp after a shareholder is bought out?
An S-Corp is a popular structure to use for a small business. However, despite having many positive features, an S-Corp is a highly inflexible structure with many limitations. One such limitation is the way in which income or loss can be allocated to the shareholders.
May 2016 Client Bulletin
Our May client bulletin looks at C-Corps vs. S-Corps/LLCs when it comes to Qualified Small Business Stock, taxes on lottery and gambling winnings, and handling health insurance through divorce.