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Tax Advantages of the S-Corporation

Many people always talk about the tax advantages of the S-Corp versus a traditional C-Corporation or other entities as an LLC, or LLP. In general, the S-Corp is a corporation designed for small to mid-tier businesses who do not have to deal with the tax and accounting complications of a C-Corporation as avoiding the risk of double taxation, declaring dividends, additional taxation on excessive executive salaries, etc. combined with the corporate protection separating the business assets from your personal assets, just like a traditional C-Corporation. So, how does an S-Corp work? […]

By | January 6th, 2016|Taxes|0 Comments

Affordable Care Act (ACA) and Health Insurance for the Self-Employed

  The Affordable Care Act (ACA) over the past two years has changed the options for and costs for health insurance, especially for the self-employed. Self-employed taxpayers who are either single, or can’t get or their spouses or registered domestic partner’s health insurance plan, are required to get health insurance or pay a tax penalty of 2.5% of their modified adjusted gross income for tax years 2016 forward if they do not have health insurance. […]

By | December 18th, 2015|ACA, Financial, Insurance|0 Comments