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In this section, we’ll guide you through the intricacies of business taxes, offering insights, strategies, and expert advice to ensure your company remains tax-efficient and compliant. Whether you’re a seasoned entrepreneur, a small business owner, or just embarking on your entrepreneurial journey, understanding the nuances of business taxation is crucial. Join us as we demystify the world of corporate taxes and empower you to make informed financial decisions for the success of your business.

22 05, 2025

The 2025 Trump Tax Bill: What It Means for Families and Small Businesses

2025-05-22T20:57:05+00:00

The new 2025 tax bill, an update and extension of the 2017 Trump-era tax cuts, brings a mix of tax breaks and hidden trade-offs. If you’re a family trying to budget or a small business trying to grow, it’s important to understand how this bill might affect your wallet—not just today, but in the years ahead. Let’s break it down in plain English. What’s Changing for Everyday Americans? Lower Tax Rates Continue Your federal income tax rates stay lower than they were before 2017. The top rate stays at 37%, not 39.6%. That means many families and business owners will still pay less in taxes [...]

The 2025 Trump Tax Bill: What It Means for Families and Small Businesses2025-05-22T20:57:05+00:00
10 02, 2017

Understanding S Corporations

2017-02-10T19:08:33+00:00

According to IRS statistics, about six million corporation returns are filed every year Of those returns about 70 percent of these are Forms 1120S, showing that an S corporation is the preferred choice among corporations.1 To qualify as an S corporation, a corporation must satisfy specific requirements and must file an election. It is not uncommon to find that a corporation has not filed its election. This was a common audit issue when I worked for the IRS many years ago. If a corporation hasn’t filed its S election, there can be undesirable income tax consequences. The corporation is treated as a C corporation, which [...]

Understanding S Corporations2017-02-10T19:08:33+00:00
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