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An S corp (short for S corporation) is a tax classification designated by Subchapter S of the Internal Revenue Code. As defined by the Internal Revenue Service (IRS), S corps are “corporations that elect to pass corporate income, losses, deductions, and credits...
If you are self-employed or employ other people as a small business owner, there are several different forms to consider when reporting to The Internal Revenue Service (IRS), including the W-9 form and various 1099 forms. The January 31, 2024 deadline for employers to...
When you own a small business, seeking help from a tax professional is vital. Of course, there are steps you can take to prepare for and make the most of a looming tax season, as recently noted in The Philadelphia Inquirer. Deductions for helping employees with...
