Subchapter S corporation reduce substantially the payroll, or employment taxes, that business owners pay when shareholder salaries get set to a modest level. But you need to be reasonable. The IRS watches S corporation shareholder-employee salaries very, very closely. Fortunately, you can use several tricks to effectively push down the salary you need to pay yourself. S … [Read more...] about S Corporation Reasonable Compensation Tips
Setting Up a Limited Liability Company and S Corporation in California
Considering the idea of forming an S corporation in California? While you may be able to save lots of money on payroll taxes with an S corporation, you do need a good handle on three, specific to California S corporation issues: The California entities eligible for Subchapter S status, the way the California LLC franchise tax hits LLCs and S corporation, and how converting from … [Read more...] about Setting Up a Limited Liability Company and S Corporation in California
Advantages of S Corporations
If you're a business owner, you're probably used to hearing people talk about S Corporations. Put often the talk is confusing. Fortunately, however, when you look at the S Corporation option from 40,000 feet, what you clearly see is that an S Corporation delivers three principal advantages for the small business owner: Advantage #1: Limited Liability People … [Read more...] about Advantages of S Corporations