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03rd September 2009
In today's high tech world, it no longer has to take extensive amounts of time to start a small business. Many of the business startup steps can be handled quickly via the Internet, including the ability to incorporate online, apply for a tax ID number, ... Read >
Author: wbdoyle21st August 2009
You can find two types of products online when it comes to apparel. Those that are replicas and those that are not. Personally, I would suggest not buying knock offs. Why buy those when you could find authentic products and brands like La Martina, Gucci S... Read >
Author: kristiambrose03rd August 2009
I always hear it. “How can my business perform better. . .?" in the same way as a commerce proprietor you're faced with the daunting task of making all the decisions with the aim of affect your commerce. Ought to I hang about a sole owner, turn into an ... Read >
Author: Manami31st July 2009
Recent IRS statistics say that S corporations represent the most popular form of small business corporation. That's understandable. S corporations provide some powerful tax savings benefits for small business owners and investors.
Unfortunately, the S ... Read >
Author: Tom Wheelwright12th June 2009
The truth of the matter anyone with a camera can start there very own photography business. But to have a profitable business there is more to just point and shoot. There are 5 things that you need to do before you start your very on photography business.... Read >
Author: Mreese60103rd June 2009
Subchapter S corporations can produce big tax savings for some small business entrepreneurs. For one thing, by making the election to be treated as an S corporation, the business pay no corporate income taxes. And working entrepreneurs often minimize thei... Read >
Author: Stephen L. Nelson05th May 2009
There are very few things that bring together high powered executives from every major medium to discuss past, present and current trends in the marketing world. John Bohan has created i20 events to do just that. Provide a forum for these people to expr... Read >
Author: getahugetank12th March 2009
Operating your business as S corporation typically saves tax. You usually avoid paying corporate income taxes, for example. And you also usually minimize Social Security and Medicare taxes. Which is good news.
But there's bad news, too. An S corporatio... Read >
Author: Stephen L. Nelson11th March 2009
A big part of the tax savings an S corporation provides stems from lower payroll taxes which, in turn, stem from low shareholder-employee salaries. Reclassifying $10,000 of shareholder-employee salary as, for example, distribution, often saves about $1,50... Read >
Author: Stephen L. Nelson02nd March 2009
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... Read >
Author: Stephen L. Nelson21st January 2009
As you begin a new business venture, you have probably already decided what kind of business you are going to run, and even what you are going to name it, but you still have one more important issue to decide. You need to know what type of business struct... Read >
Author: susancart09th January 2009
The complexity of our tax code is especially burdensome to the small business owner. Here's three keys to understanding the U.S. tax system.
1. Forms, Forms and More Forms
Regardless of what entity type you own, each entity has a long list of busin... Read >
Author: Wayne M. Davies06th January 2009
As a new entrepreneur or small business owner, it can become a daunting task to determine the legal stance of your business. Corporations are favored because unlike sole proprietorships and partnerships, corporations provide liability protection. The busi... Read >
Author: Joe Cline19th December 2008
The advantages are incorporating your small business are many.
For starters, you'll be protecting yourself and your family from the possibility of a business ending lawsuit. Forming a corporation is Step One on the path known as "Asset Protection" -- y... Read >
Author: Wayne M. Davies18th December 2008
1. Set goals.
The number one business management tool you can use to better your business is goals. Long term goals, short term goals and mid range goals too. In fact, when you started your business, you wrote a business plan right? Did your busine... Read >
Author: jeremy18th December 2008
Last week, we talked about what a business entity is and whether you should use one for your business, .. the short answer? Yes, if you want to grow your business and shield your personal assets from your business activities.
This week, we'll cover wha... Read >
Author: Alexis Martin Neely02nd December 2008
New business owners sometimes wrestle with the question, "limited liability company versus an S corporation," as they think about starting a new business. But that's too bad. Because the question is surprising easy to answer...
The Answer is Always "LL... Read >
Author: Stephen L. Nelson30th November 2008
S corporations, according to the Internal Revenue Service, have become the most popular form for doing business in the United States. As a result, business owners and entrepreneurs must know how business planning for an S corporation differs from planning... Read >
Author: Stephen L. Nelson15th September 2008
Copyright (c) 2008 Irvin Young
Last year I read the book entitled "The Secret" It more than changed the course of my life forever. During this time period I also viewed a DVD entitled "What The Bleep". The DVD taught me about the fact that quantum phy... Read >
Author: syone02nd September 2008
Do you love animals? Are you dreaming of a business you can run the way you choose? Pet Sitting may be the answer you’re looking for. As with any business, the first step to being successful is laying the proper groundwork. It takes much more than havin... Read >
Author: Lee Anne Emig29th July 2008
Introduction - s vs c corp
Self-Employment Taxes - C corporation vs S corporation
One of the main reasons people set up an S corporation or make the S corp tax election for their LLC is to save self-employment taxes.
The tax rate is 15.3% up to $... Read >
Author: Nick Braun EA PhD29th July 2008
Introduction
Tax Treatment
LLCs enjoy very favourable tax treatment. They don’t have their own set of tax rules and there’s no such thing as an LLC tax return. What makes them special is that members can choose how the business is taxed.
A si... Read >
Author: Nick Braun EA PhD29th July 2008
Introduction - S corp vs C corp
The difference between C corporations and all the other entities is that C corps pay their own tax – they are not pass-through entities.
The corporation pays corporate income tax on its profits at the following ra... Read >
Author: Nick Braun EA PhD22nd July 2008
Introduction
There are two types of corporations:
•S corporations, and
•C corporations
We will take a close look at the drawbacks and S corporation advantages, also known as S corps.
S corps offer limited liability and simple tax treatmen... Read >
Author: Nick Braun EA PhD02nd July 2008
Many businesses start life as an s-corp and when profitable become c corps to benefit from income splitting and fringe benefits. Alternatively they form an LLC which is simpler to form and operate but offers the same personal liability protection.
S co... Read >
Author: Nick Braun EA PhD21st May 2008
Starting a small business isn't for the faint of heart. Think of it as a huge jigsaw puzzle that each piece needs to be put perfectly in place in order to have a successful startup. What happens if there's a few missing pieces? If those missing pieces fal... Read >
Author: Melinda Powelson20th May 2008
What They Forget to Tell You About Setting Up an Online Home Business
If you have made the decision to start a home based online business, you know you will be faced with lots of decisions. Many of them are the same decisions that are made when yo... Read >
Author: CPelanne11th May 2008
With a possible US recession looming, Colonel Sanders is turning to China to fill the breach, offering a menu of fried dough and preserved egg porridge alongside the chicken that turned KFC into an American icon.
Beset by falling sales at home, Yum! Br... Read >
Author: tcmadvisory27th March 2008
Your Corporation, of course, is the core of your business credit. Many times, people create a Corporation and EIN and this is where they stop. (They assume that credit is established.) This is not where the creation ends.
It is important to first ... Read >
Author: Bizzcitti21st May 2007
The title says it all! But before you question how…I also would like to add that she was not from an affluent family. She didn’t have a mentor nor did she have any special connections in which she could rely. In fact, she was born in Nebraska and was ... Read >
Author: Karen Giardunio21st May 2007
If you are self-employed, your income is subject to a 15.3% self-employment FICA tax. Added to a 28% Federal income tax and a 5% state income tax, this could leave you paying nearly 50% of your income to the government. Fortunately, most self-employed peo... Read >
Author: Wiley Long22nd February 2007
In the connected world, where businesses pop up like dandelions and anyone with a computer can upload video, audio and text-based content to be shared across the web, it is of growing importance to understand the potential legal risks that online business... Read >
Author: mbradbury01st February 2007
If you start a business, you should strongly consider forming an entity to protect you from liability. Corporations and limited liability companies are two of the more popular choices.
The first thing to understand is a corporation is a different busi... Read >
Author: Richard Chapo10th January 2007
1. Executive Summary –Brief information about your credentials and the business you are intending to start and the location.
A.) The Business- What is the business all about? Give full detail.
B.) The Customers – Who are the customers you are goin... Read >
Author: Paul Kopp09th January 2007
As you may know, there are two types of corporations for tax and legal purposes. The “C” corporation is a more formal structure than the “S” corporation and taxed differently.
Converting from a C Corp to an S Corp
When forming a business en... Read >
Author: Richard Chapo22nd July 2006
Business structure planning entails analyzing the different business entity options and choosing the one that is right for you. There is no magic formula for business structures. Your set of reasons for choosing one business structure over another is as... Read >
Author: Computer Consulting Kit Home Study Course14th April 2006
There are three main areas we need to keep in mind as the year ends:
1. Taxes
2. Corporate formalities
3. Planning for next year
Revisit the idea of converting your 10 largest expenses.
This is an ongoing process that should be done at least twice... Read >
Author: Drew Miles
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