by Ryan Burke, CPA, MSF | Dec 10, 2022 | Blog, Business, Tax
If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and disadvantages of doing business as a C corporation. A C corporation allows the business to be treated...
by Brian Hare, CPA, CGMA | Oct 24, 2022 | Blog, Business, Tax
Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits. Here are examples of two types of benefits which employees generally can exclude from...
by Megan Kosciolek, MST | May 3, 2022 | Business
Among the many lasting effects of the pandemic is that some businesses are allowing employees to continue working from home — even now that the most acute phases of the public health crisis seem to be over in some places. This decision is raising some interesting...
by Brian Hare, CPA, CGMA | Mar 2, 2022 | Tax
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as dividends. However, dividends distribution isn’t tax-efficient since it’s taxable to you to the extent of your corporation’s “earnings and...
by Brian Hare, CPA, CGMA | May 3, 2021 | Business
Many businesses provide education assistance fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his or her employer for educational assistance under a...
