Do you choose the right structure for your business?

How your business is structured can have a significant impact on the taxes that you pay. For example LLC’s, S-corporations are Pass-through entities which means your profit will be taxed at the ordinary tax rate, while shareholders of C Corp are taxed at corporate tax rate and then again when they report the distribution on their tax return, as a result, the income is “Taxed Twice”

2018-12-17T12:53:50+00:00December 17, 2018|Taxtips|0 Comments