Electing to establish an S corporation could unlock the tax benefits enjoyed by millions of small business owners — as long as financial advisors and clients avoid some pitfalls. Processing Content ...

If you have a limited liability company (LLC), electing to tax it an S corporation could be helpful. Of course, the process ...

There have been many tax law changes in the last decade, from the big changes of the 2018 Tax Cuts and Jobs Act (TCJA) and temporary Covid-era rules from the CARES Act to the subsequent SECURE 2.0 and ...

An S Corporation is an IRS tax classification that allows an eligible entity to be a pass-through entity for tax purposes. This means that the business owners will report their share of business ...

If you’re self-employed, you’ll usually have to pay higher Social Security and Medicare taxes, collectively known as self-employment taxes, than if you were an employee of a company. One way to help ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

If you were looking forward to the tax advantages of electing S Corporation status for your LLC’s or corporation’s 2026 tax year but missed the IRS March 16 deadline, don’t be too hard on yourself.

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

For high-earning founders and partners, the S-corp decision is less about tax theory and more about execution and infrastructure. S-corp savings depend on consistent income and a defensible, optimized ...

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.