Gates, Kirby & Company, P.C.

19 Aug

WHICH BUSINESS ENTITY SHOULD YOU CHOOSE?

Anyone who is starting a new business or considering changing their business entity needs to determine what will work best for them. Should they operate as a C corporation or as a pass-through entity such as a sole proprietorship, partnership, limited liability company (LLC) or...

08:00 / Legal / Taxes / Technology

19 Apr

4 WAYS CORPORATE BUSINESS OWNERS CAN HELP ENSURE COMPENSATION IS “REASONABLE”

Owners of incorporated businesses know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Therefore, if funds are...

09:00 / Legal / Taxes

14 Oct

STEP CAREFULLY WITH LOANS BETWIXT A BUSINESS AND ITS OWNER

It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly or risk unwanted IRS attention. This article explains how and why a transfer should be defined as a loan —...

08:30 / Budgeting / Legal / Taxes

28 Jun

TCJA INSPIRES MANY BUSINESS OWNERS TO RECONSIDER ENTITY CHOICE

The Tax Cuts and Jobs Act has given business owners much to think about, including whether to change the structure under which their companies operate. This article explains what’s changed and offers some scenarios to ponder. A sidebar looks at what growth-focused businesses should think...

08:45 / Budgeting / Legal / Taxes

24 Jun

CONSIDER THE TAX ADVANTAGES OF QUALIFIED SMALL BUSINESS STOCK

Finding ways to defer or minimize taxes on investments is always important. One way to do so — and diversify one’s portfolio, too — is to invest in qualified small business stock. This article describes the tax advantages....

09:00 / Legal / Taxes

WHICH BUSINESS ENTITY SHOULD YOU CHOOSE?

4 WAYS CORPORATE BUSINESS OWNERS CAN HELP ENSURE COMPENSATION IS “REASONABLE”

STEP CAREFULLY WITH LOANS BETWIXT A BUSINESS AND ITS OWNER

TCJA INSPIRES MANY BUSINESS OWNERS TO RECONSIDER ENTITY CHOICE

CONSIDER THE TAX ADVANTAGES OF QUALIFIED SMALL BUSINESS STOCK

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