Tax Ramifications of Starting Your Own Small Business

Tax Ramifications of Starting Your Own Small Business

Partnerships are also classified as “pass-through” entities, which means that the expenses and income that they generate are passed through to the personal tax returns of each partner in due proportion. Continue reading

Is the S Corporation Status Election the Best for Your Business

Although most states recognize and reflect the same tax treatment for S Corporations as the IRS and charge a relatively insignificant net worth tax such as Georgia, there are many states which charge a franchise tax as well. Continue reading