Corporations

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How are “B-Corporations” Taxed?

By | November 9th, 2016|Categories: Small Business Tax and Accounting|Tags: , , , |

This post will attempt to answer answer two questions: what is a B-corp, and how are they taxed.

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Is a Spreadsheet Appropriate for Corporate Bookkeeping?

By | July 18th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , , |

Can a corporation use a spreadsheet instead of a traditional general ledger to keep the corporate books? There are certainly corporations that think they can. I know many of my tax and accounting brethren are shouting “NO!” In response to this question. My answer is more on the fence. It depends on what your corporation is up to.

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Corporate Tax Status Determined By Federal Law, Not State Law

By | October 30th, 2015|Categories: Small Business Tax and Accounting|Tags: , |

If a corporation has its corporate status terminated by a state, does that terminate its corporate status for federal taxes? The IRS says the answer is no, though it depends on the facts and circumstances.

Choosing a Business Entity: S-Corporation vs. C-Corporation

By | October 20th, 2015|Categories: Small Business Tax and Accounting|Tags: , , |

For people unfamiliar with tax law the terms S-corporation and C-corporation can be confusing. Here’s the best way to look at what these terms mean.