ConnollySteeleDec 28, 20222 minHow to minimize the S corporation LIFO recapture taxIf you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using...
ConnollySteeleDec 5, 20222 minChoosing a business entity? Here are the pros and cons of a C corporationIf you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the...
ConnollySteeleJun 13, 20223 minIs your corporation eligible for the dividends-received deduction?There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed...
ConnollySteeleApr 11, 20222 minTax issues to assess when converting from a C corporation to an S corporationOperating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...