What’s true one day in tax may not be true the next.
Tax rules and rates can change quickly, depending on how the winds of Congress blow.
Thus, good tax planning requires reevaluation from time to time so that you can maximize your business’s cash benefits according to the most recent tax rates and breaks.
Under the current trend, individual tax rates are going up, and corporate tax rates are (perhaps) going down—more on this below.
Depending on how corporate tax reform plays out in the coming months, the C corporation could become an attractive form of business.
If you operate your business as an S corporation and you decide it is time to change to a C corporation or a proprietorship, this article is for you. In this article, we explain what you need to do to eliminate ... Log in to view full article.