ARTICLES

When starting a new business, an owner is faced with a very important decision.  What form of entity should my business operate under?  The answer is not always clear and will require some careful thought.  Let’s start with the basic...

Growing a business is not a sprint. It’s a marathon baby, a long distance adventure that demands focus and determination, requiring much more than increasing your sales. As a business breaks out of its “small business” shell, a paradigm shift must...

Do you understand what it’s saying? Profitability is very important to business owners and they look to their CPA for guidance on how to improve it. Accurate financial statements are necessary, but that is just the beginning. CPA’s have a...

The instructions to the Form 1120S, U.S. Income Tax Return for an S Corporation state that "distributions and other payments by an S corporation to a corporate officer must be treated as wages to the extent the amounts are reasonable compensation...

Tax consequences of “Excess Distributions” for S Corporation shareholders The “S “ election for corporations has some definite tax advantages. The election allows shareholders to report the corporate income and deductions on their personal returns....

Today’s economy has forced business owners to re-evaluate all aspects of their operations.  Internal systems are reviewed, inventory controls are implemented, sales and marketing strategies are revised and overall productivity is...