Tax rates and corporations

| May 31, 2009

Did you know professional services corporations are federally taxed at a flat rate equivalent to corporations netting ten million dollars? (see http://www.smbiz.com/sbrl001.html#ci) An S Corporation is taxed at the individual shareholders regular tax rates.  Annually S corporations file an informational return (form 1120S) with K1s distributing the income and expense to the individual shareholders.  After the corporate tax return […]

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Have you recently formed a corporation?

| May 2, 2009

Did you intend for your corporation to be an “S” corporation? If you did, have you filed form 2553 Election by a Small Business Corporation? For information about “S” corporations, including form 2553, see S Corporations Share    Send article as PDF   

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What does double taxation mean?

| May 1, 2009

You may be thinking, ‘I don’t understand what people are talking about . . . why do I need to worry about double taxation with a corporation?’ What is generally referred to as double taxation in a corporation is how the profits from a corporation are taxed. With a C corporation, the corporation is charged […]

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About TLC Business Solutions

| May 1, 2009

TLC Business Solutions, a division of Innovative Strategic Business Solutions, Inc., is a Certified Public Bookkeeping firm providing QuickBooks consulting, bookkeeping, payroll and financial management services to small to medium size businesses. TLC Business Solutions’ CEO, T.L. Chase, has worked in the field of accounting and management for over twenty years. Ms. Chase has a […]

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How to submit your viral marketing message to your social networks

| May 1, 2009

Intro:Your social networks are linked to an audience that is open to hearing your message. Your social accounts belong to groups, forums, and message boards that are ready and able to send your message instantly to all recipients, anytime.Viral Marketi…

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How to submit your viral marketing message to your social networks

| May 1, 2009

Intro:Your social networks are linked to an audience that is open to hearing your message. Your social accounts belong to groups, forums, and message boards that are ready and able to send your message instantly to all recipients, anytime.Viral Marketi…

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