As a business owner, you may see articles about S-corporation. These are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal taxation purposes. The shareholders of an S corporation will report the flow-through of income and losses on their personal tax returns; taxes are imposed at their individual […]
California small business owners need to understand the state business taxes because unfortunately, the state levies higher-than-average taxes on business and personal income. Plus, California is one of the few states that imposes both taxes—business and personal—on small business owners who set up their businesses as pass-through entities like S corps or limited liability companies […]
One of the biggest headaches for the single business owner is may be their death; or perhaps it is their taxes? Because there’s no Accounting Department down the hall or a benefits coordinator on the fourth floor of your company in Sacramento, it’s up to you to manage your taxes. Without the resources of a […]