Business Formation »
Reasons to Choose a 401K Over a Simple Plan
Sometimes it is better for a small business to choose a 401(k) plan rather than the popular SIMPLE plan. A very big, recent incentive is the new ability to invest into a “Roth” account.
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Should You Operate As An LLC Or As An S Corporation in California?
Should you operate your small business as a Limited Liability Company (LLC) or as an S corporation? Ever since LLCs were permitted a few years ago, many new businesses have been told that it
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S Corporation Defined
Top Takeaways 1: S Corporations are not subject to Corporate Taxation An S corporation is not subject to corporate tax rates and is generally exempt from federal income tax. An S corporation passes profit
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Paying Payroll Tax
Top Takeaways 1: Payment requirements of Employment Taxes Varies Employees pay Social Security, Medicare, Federal withholding, State withholding, and State disability in the state of California. Employers are also responsible for paying Social Security,
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Filing Payroll Tax
Top Takeaways 1: Quarterly Employment Tax Payments are due 4 times a year Quarterlies are required to be filed four times a year at the end of each calendar quarter. In the state of
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Tax Implications of Business Entity Choice
Top Takeaways 1: Must Choose an Entity Type Recognized by the Federal Government There are four entity types recognized by the Federal Government for tax purposes: Sole Proprietorship Partnership C Corporation S Corporation 2:
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