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Incorporation

Section 1202 Qualified Small Business Stock Exclusion

November 27, 2019 By Christian Block CPA

Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion

Filed Under: business taxes, Corporate taxation, Incorporation, New business

Subchapter S Election Timing Tips & Tricks

October 23, 2017 By Stephen Nelson CPA

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You want to understand how Subchapter S election timing works. Understand the timing, for example, and you avoid common mistakes. Further, understand … [Read more...] about Subchapter S Election Timing Tips & Tricks

Filed Under: Corporate taxation, Incorporation, S corporation

Buying a Small Business: Tips and Tactics

April 24, 2017 By Stephen Nelson CPA

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I don't want to be negative about you buying a small business. Buying a small business can be a great option. But you need to be careful. Getting … [Read more...] about Buying a Small Business: Tips and Tactics

Filed Under: Incorporation, management, New business

Small Business Net Investment Income Tax Primer

October 31, 2016 By Stephen Nelson CPA

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If you’re an entrepreneur or small business owner, you want to know about how the Obamacare net investment income tax works. Accordingly, in this blog … [Read more...] about Small Business Net Investment Income Tax Primer

Filed Under: business taxes, Incorporation, personal finance

Little Known Benefits of an S Corporation

July 25, 2016 By Stephen Nelson CPA

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Many small business owners and basically every accountant knows the attraction of an S corporation. In a nutshell, an S corporation allows a … [Read more...] about Little Known Benefits of an S Corporation

Filed Under: business taxes, Corporate taxation, Incorporation

Should You Use an S Corporation for a Sideline or Part-time Business?

March 2, 2015 By Stephen Nelson CPA

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  Pretty regularly, people come to us for help with an S corporation they've already set up. And that’s fine. We love helping small … [Read more...] about Should You Use an S Corporation for a Sideline or Part-time Business?

Filed Under: business taxes, Incorporation, management

Are One-person S Corporations Illegal?

January 2, 2015 By Stephen Nelson CPA

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  A client came into the office the other day and mentioned she had heard one can’t use an S corporation for a one person business or for … [Read more...] about Are One-person S Corporations Illegal?

Filed Under: business taxes, Incorporation, management, personal finance

Download a free incorporation or LLC formation kit

March 21, 2014 By Stephen Nelson CPA

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10/6/2014 Editors note: On October 1, we discontinued our free giveaway of do-it-yourself incorporation kits... Sorry. See here if you're curious … [Read more...] about Download a free incorporation or LLC formation kit

Filed Under: Incorporation, New business

Steps for Electing Sub S Status for Washington LLC or Corp

July 11, 2013 By Stephen Nelson CPA

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In earlier posts, I've described how to set up your own Washington corporation or limited liability company. And I've talked about the rules for and … [Read more...] about Steps for Electing Sub S Status for Washington LLC or Corp

Filed Under: business taxes, Incorporation, New business

How to Make S Elections for Washington Businesses

July 9, 2013 By Stephen Nelson CPA

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Both Washington state corporations and limited liability companies can elect to use the tax accounting rules described in Subchapter S of the Internal … [Read more...] about How to Make S Elections for Washington Businesses

Filed Under: business taxes, Incorporation

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Featured Posts

How IRS audits work

How IRS Audits Work

Audit anxiety is something nearly every taxpayer has in common.  But, have you ever considered how IRS audits actually work? The IRS processes … [Read More...] about How IRS Audits Work

If you got caught in an ERC scam, take these steps to reduce the damage

If You Got Conned in ERC Scam

You wondered at the time whether it was a scam, right? And now you regularly see news reports about ERC scams. Employee retention credit scams, that … [Read More...] about If You Got Conned in ERC Scam

Lottery tax planning can save millions

Lottery Tax Planning for a Billion Dollar Drawing

Okay. This is silly. You’re probably not going to win. But just for fun, let’s talk about lottery tax planning for one of those giant Power Ball or … [Read More...] about Lottery Tax Planning for a Billion Dollar Drawing

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