There have been many tax law changes in the last decade, from the big changes of the 2018 Tax Cuts and Jobs Act (TCJA) and temporary Covid-era rules from the CARES Act to the subsequent SECURE 2.0 and ...

Electing to establish an S corporation could unlock the tax benefits enjoyed by millions of small business owners — as long as financial advisors and clients avoid some pitfalls. Processing Content ...

An S Corporation is an IRS tax classification that allows an eligible entity to be a pass-through entity for tax purposes. This means that the business owners will report their share of business ...

TaxZerone helps businesses prepare, e-file 2025 Form 1120-S & 1065 returns and securely distribute Schedule K-1s — ...

The tax and spending law, passed last summer, expands on President Donald Trump’s 2017 tax cuts, making it easier for big ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.

If you have business clients considering changing their LLCs or C corporations from their entity's default tax treatment to S corporation election, now is a great time to remind them about the ...