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Is an S Corp Election Worth the Risk?

  • 23 September 2014
  • Author: Cari Holbrook
  • Number of views: 1721
  • 0 Comments
Is an S Corp Election Worth the Risk?
An S Corporation (S Corp) is by far the most popular type of corporation tax structure, according to the IRS. The reasons for its popularity are clear. S Corps are relatively easy to form and operate, provide limited liability, offer a single level of taxation, and require no self-employment tax on profits (which reduces double taxation). Are there any drawbacks?

Why You'll Never Get Ahead Relying on Tax Breaks

  • 9 September 2014
  • Author: Cari Holbrook
  • Number of views: 1679
  • 0 Comments
Why You'll Never Get Ahead Relying on Tax Breaks

“Just buy it. It’s tax deductible!” You’ve likely used this rationale for business indulgences in the past. However, you may be missing the point on tax deductions. The simple truth is that you’ll never truly get ahead by relying on deductions. Why? In order to earn deductions, you must spend money.

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