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21st September 2009
Partnerships are extremely flexible entities which makes them incredibly powerful in a tax strategy. Flexibility in a tax strategy is key because things change! I've studied partnerships for over 30 years and there are hundreds of ways to use them to pr... Read >
Author: Tom Wheelwright07th September 2009
How to Save Taxes with an S Corporation
Ever wondered why so many small businesses—more than 3,000,000 at last count—operate as an S corporation? Simple. An S corporation saves business owners big taxes in three separate ways:
First, as compared... Read >
Author: wbdoyle03rd September 2009
When starting or expanding a business, many owners wonder if they should form a business entity and, if so, which one they should use. There is a wide variety of information and "pitches" being made on the Internet regarding the benefits of certain entiti... Read >
Author: wbdoyle13th August 2009
Individual health insurance and cafeteria plans are options that can help you provide health care for your family. Here's how to get a low cost plan.
Finding Affordable Individual Health Insurance
If you don’t have access to group health insuran... Read >
Author: Brian Stevens16th March 2009
Do you own a corporation but don't think you'll complete the 2008 corporate income tax return by the March 16 deadline? This article explains how to file an extension without a hitch, giving you until September 15 to file the return.
If your small bus... Read >
Author: Wayne M. Davies13th March 2009
This article is for small business owners who currently run their business as a C corporation or limited liability company (LLC). If you fall into either of those categories, read on to find out why filing Form 2553 by March 15 could be the best thing you... Read >
Author: Wayne M. Davies10th March 2009
If your small business is a corporation, March 15 is the most critical tax return deadline of the year - even more important than April 15. Find out why in this article.
First, some good news. The March 15 deadline is actually March 16. Go ahead and br... Read >
Author: Wayne M. Davies09th February 2009
Here are three legitimate tax deductions for the self-employed that begin with the letter "C". Do you have these expenses in your sole proprietorship? If so, be sure to report them on your tax return.
1. Contributions. By contributions, I'm referring t... Read >
Author: Wayne M. Davies19th 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. Davies06th September 2008
When used correctly, C Corporations are a great way to supercharge a tax strategy. I find that when my clients make the most of their C Corporations, they reduce their taxes by a minimum of $10,000 every year.
- The Biggest Mistake With C Corporations... Read >
Author: Tom Wheelwright14th August 2008
Business owners often assume that a traditional corporation, or "C corporation," provides a good platform for saving money and growing wealth. As a result, these individuals do their investing inside their C corporations.
Superficially, this wealth-bui... Read >
Author: Stephen L. Nelson29th 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
A C Corporation is the only business structure that is never a pass-through entity.
The difference between C corporations and all the others is that c corporations are completely separate C Corp tax entities. This means you don’t pay the business taxes... 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 PhD01st July 2008
Build Good Business Credit by Not Making It Personal
When you need to borrow money to grow your existing business, wouldn’t you like to walk into a bank and know that you stand the best possible chance of being approved? Of course you would, but do yo... Read >
Author: Trent Lee25th June 2008
If you manage a small business or venture that's setup as an LLC, setting up Microsoft's Small Business Accounting software can be sort of complicated because of the LLC itself. Fortunately, you can try some easy techniques for getting your new accounting... Read >
Author: Stephen L. Nelson20th June 2008
Running your small business as an LLC or limited liability company? Installing the QuickBooks accounting software in your situation can be complicated. But in a sense, that's a good thing. The complexity comes from the financial flexibility that your limi... Read >
Author: Stephen L. Nelson13th June 2008
Small business owners usually minimize their taxes by operating as a sole proprietorship, partnership or S corporation. Or by operating as a limited liability company taxed as a sole proprietorship, partnership or S corporation.
However, even though C ... Read >
Author: Stephen L. Nelson08th May 2008
Corporations
Corporations are a legal entity owned one or more shareholders. They can be private or public like Ford, Microsoft, Federal Express, etc.
As a real estate investor, you can create your own private or closely held corporation by filing a... Read >
28th March 2008
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
Cash Method
If you are looking for simplicity, the cash method is probably... Read >
Author: Geet12th February 2008
Death and taxes are those two things you can never escape. When forming a corporation, making your tax year designation is a fundamental step you need to take carefully.
Taxes are defined by something magical known as the fiscal year. It is a 365 day ... Read >
Author: Richard Chapo22nd August 2007
The corporate entity is a very popular one with most businesses. Although traditional “C” corporations are frowned upon for small businesses, “S” corporations are viewed more favorably.
So, just what are “S” and “C” corporations? The te... Read >
Author: Richard Chapo27th June 2007
Copyright (c) 2007 John Fraker
One of the most important issues facing the Owners of a new business ? or the owners of an existing sole proprietorship or partnership who desire asset protection - is how to choose the right entity for their business.
... Read >
17th May 2007
There are numerous ways to slash your taxes. A savvy Internet business owner recognizes that these tax saving strategies can add up to thousands of dollars.
First, let’s take a look at two ways in which you can structure your Internet business. S... Read >
Author: Matt Bacak09th February 2007
More than a few people prefer to form corporations to protect their businesses, but look for a more favorable tax situation. The answer, of course, is the S-corporation.
For a long time, corporations were the dominant business entity available to mos... Read >
Author: Richard Chapo09th 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 Chapo21st May 2006
If you are a small business owner looking for cost cutting ideas here are ten tax planning ideas that may result in substantial tax savings. The following article highlights planning areas often missed by business owners. You should consult a qualified ... Read >
Author: Alan Olsen24th April 2006
Obviously, nobody asked the marketing guys before coming up with this one. Who in the world thought up the name "non-qualified deferred compensation?" Oh, it's descriptive alright. But who wants anything "non-qualified?" Do you want a "non-qualified" ... Read >
Author: Hubert DAUL12th April 2006
Entity structuring is the use of limited partnerships, limited liabilities, and corporations. These can help you accomplish three things:
1. Bullet-proofing your assets so that the bad guys are worse of if they try and take them away from you.
2. Slashi... Read >
Author: Drew Miles09th February 2006
The development of corporations has turned out to be a great boon for American as well as world economy. Basically a corporation is understood as a lawful body that entitles a group of people to act as unit or an individual. But since past few decades a n... Read >
Author: Mansi Gupta08th September 2005
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
Cash Method
If you are looking for simplicity, the cash method is probably ... Read >
Author: Richard Chapo11th August 2005
Taking Charge of Your 401(k) Investments
Copyright 2005 Daniel Lamaute
Lamaute Capital, Inc.
http://www.InvestSafe.com
These days financial services firm, Lamaute Capital Inc. (http://InvestSafe.com), is seeing a lot more investors worried
a... Read >
Author: Daniel Lamaute10th August 2005
For many small businesses, the "S" corporation is the business entity of choice. The "S" in S corporation refers to a tax designation. All corporations are created the same way under state law. A small business must then chose a tax status, to wit, "C", "... Read >
Author: Richard Chapo10th August 2005
When starting or expanding a business, many owners wonder if they should form a business entity and, if so, which one they should use. There is a wide variety of information and "pitches" being made on the Internet regarding the benefits of certain entiti... Read >
Author: Richard Chapo
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