Hi There
The biggest change is to realize that, now as a business owner, all share of profit will be subject to 15.3%. self employment tax payable on your indi...
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Hiring a relative to work in your business is allowable as long as the duties are ordinary and necessary for the business function. From a burden of p...
Hi There
My opinion-
TurboTax does not support IRS Form 5500-EZ- Annual Return of A One-Participant (Owners/Partners and Their Spouses) Retirement Plan.
Form...
Hi There:
Assuming you are currently an LLC or self employed then within limits all net income is subject to individual self employment taxes.
S Corp is a leg...
Hi There:
S Corp wages to officer shareholders should be based on the fair market value of service provided to the company. In theory company profitably should...
