5 Important Tax Tips For New Businesses

Tax tips from the IRS for new businesses, including information on business structures, taxes, Employer Identification Numbers, accounting methods, and employee health care. When you start a business, one key to success is knowing about your federal tax obligations. From choosing the structure of your business to handling payroll taxes, here are five basic tax … [Read more...]

S Corporation or LLC – which is right for your company?

Many business owners structure their companies as S corporations or limited liability companies (LLCs). On the surface there are several similarities. Both types of entities avoid corporate income tax. Instead, business income is taxed only once, on the tax return of the S corporation shareholder or the LLC member. Moreover, both S corporation shareholders and LLC … [Read more...]