There are several corporate structures that exist to fit everyone’s needs. From C-Corporations to LLCs, every corporate structure gets taxed differently. This article will highlight some of the major aspects of how each business entity gets taxed and help you choose which one would best suit your style of business. Sole Proprietor: Filed on a…
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Avoid possible penalties for not taking a salary as an S Corporation, by following IRS guidelines. Many small business owners choose the S Corporation tax classification to enjoy the advantages that it provides. S Corporations have many benefits: pass-through taxation, shareholder liability limited to the amount of the initial investment, a simple and straightforward cash…
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All the Small Things When you are a business owner, you have a lot on your plate. Sometimes it is tough to take it all in stride. You want to be ahead of the curve and staying on top of the trends, but you have to make sure the business itself is robust and liquid.…
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Keeping Your Business on Track Managing a small business can be difficult, and you can get mired down in the day to day operations. While it is necessary to save money where you can, delegating specific duties can save time and effort. Parsing out exactly where to spend your money on personnel is one of…
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Why You Should Be Scheduling Meetings with Yourself in 2020 As a small business owner, a good portion of your day is probably taken up in meetings. Meetings are important time to connect with others to brainstorm, set goals and review progress. However, you might be missing out on the most important type of meeting—a…
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Planning for the Future The Cost of Poor Estate Planning You may think estate planning is only for the super-wealthy. The truth is, if you plan on leaving anything to your family, you need to plan ahead for it. With a proper estate plan in place, you protect your hard-earned money by making sure it…
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We’ve reached the end of October and the Holiday Season is just getting started. Tax Season is fast approaching and folks are hustling about to get everything in order for the new year. The Alron team is already working with local small business owners to prep for tax filing. From hosting Tax Forum Seminars, to…
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