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Taxes

Can A Limited Liability Company (LLC) be Taxed as An S-Corp?

By |2019-09-10T17:03:40-07:00September 10th, 2019|Business Formation, Business Planning, Corporation, Questions|

Today's video will BLOW your mind! Want to have your cake and eat it too? This is about as close as you are going to get in the business world. Seriously, check out this video you do NOT want to miss this!

What Are The Disadvantages of An S-Corp?

By |2019-09-09T16:37:43-07:00September 9th, 2019|Business Formation, Business Planning, Corporation, Questions|

It's not all rainbows and sunshine when it comes to an S-Corp! Contrary to popular opinion the S-Corp is NOT the panacea for businesses.  There are some significant drawbacks if you choose the S-Corp tax designation. Check out today's video to see what some of these disadvantages! You do not want to miss todays video! [...]

Corporation vs S-Corporation – What are the differences?

By |2019-09-07T11:37:10-07:00September 7th, 2019|Business Formation, Business Planning, Corporation, Questions|

Starting your own business?  Trying to decide what type of business entity?  Confused about the differences between a corporation or an s-corporation?  It's important to know the differences because it can have a drastic impact on your success. Check out today's video! It lays down vital information when you are just starting out. Leave [...]

Important Upcoming Compliance Deadlines for Your Business

By |2019-09-06T16:12:15-07:00September 6th, 2019|Business Planning, Counsel, Financial, Taxes|

Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax [...]

What Is An S-Corporation (S-Corp)?

By |2019-09-05T15:51:44-07:00September 5th, 2019|Business Formation, Business Planning, Corporation, Limited Liability Company (LLC), Questions|

So many choices!  Some pretty big consequences to your decision!  Curious about the difference between a Corporation and an S-Corporation?  The answer will definitely surprise you. Check out today's video to learn more!

Can Your Small Business Write Off Bad Debts?

By |2019-08-06T16:46:19-07:00August 9th, 2019|Business Planning, Financial, Taxes|

Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is [...]

What is the Difference Between an LLC and an LLP?

By |2019-05-02T20:51:45-07:00May 2nd, 2019|Business Formation, Business Planning, Limited Liability Company (LLC), Taxes|

If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited [...]

Making an S Corporation Election as a Married Business Owner

By |2019-03-05T12:42:59-08:00March 12th, 2019|Business Planning, Financial, Taxes|

If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title [...]

Record Keeping for Your Business: What’s Required?

By |2019-02-20T20:59:39-08:00February 21st, 2019|Business Planning, Taxes|

Whether you are just starting up a new company or have a business that has been in operation for a while, good record keeping is an essential part of running your business. You are responsible for establishing an effective system to store and maintain your business records whether your small business is a sole [...]