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Year-end Accounting To-do List for S Corporations
The U.S. Treasury now says that S corporations outnumber regular business corporations. But that shouldn't surprise. S corporation tax treatment typically saves thousands of dollars a year in taxes per shareholder-employee. S corporations, unfortunatel......

S Corporation Tax Tips - How To Begin Preparing Form 1120S
If your business is an S Corporation, you must file Form 1120S, U.S. Income Tax Return for an S Corporation. The purpose of this article is to help you get started preparing this return. Form 1120S is only four pages, but don't let it's length fool you. I......

Smart Tax Planning Tips for the Small S Corporation
Recent Internal Revenue Service data show that S corporations represent the most popular form of incorporation. That's understandable. S corporations often save lots of tax for small businesses. Unfortunately, the S corporation's extra accounting compl......

Corporation Dissolution / LLC Dissolution
Dissolution of business could be for variety of reasons for example: bankruptcy, retirement, or a change in career direction. When a business entity is no longer doing business or even if it was never used for anything, it is very important that it follow......

Small Business Taxes - 5 Mistakes That Could Mean an IRS Audit
During tax season you're probably rushing around to get your returns filed on time. You want to pay the least amount of tax legally possible and most likely you also want to avoid an IRS audit. Here are some mistakes that could dramatically increase yo......