Whether you are an independent contractor or a multinational corporation ... recordkeeping. Bookkeeping consists of creating and maintaining an organization’s financial records.
An S corp is an organization that has chosen to pass its tax burden to its shareholders, rather than report income, losses, deductions and credits directly to the Internal Revenue Service (IRS).
One of the many benefits of electing S corporation (S corp) status for your limited liability company (LLC) or corporation is the opportunity to take S corp distributions. Distributions are a ...
When compared to a default LLC tax structure, S corp status results in more complicated legal requirements and tax reporting. This tax designation often means businesses will incur additional expenses ...