When you’re self-employed, all your income goes straight into your own bank account. It doesn’t mean you’re off the hook for paying taxes to the Internal Revenue Service (IRS). Taxes apply to you, just like any other member of the workforce – and if you don’t...
If your company has people working from home offices, many of their business expenses are reimbursable. However, a corporation must reimburse these expenses the right way, or the IRS could consider the reimbursements improper and trigger an audit with financial...
One of the biggest benefits of setting up an S corporation is avoiding double taxation by not paying corporate income tax. Shareholders absorb profits and losses, paying tax when they file their individual returns. Of course, this makes S corporation owners wonder...
