New ventures and start-ups: which form of business is best for you?
Article Abstract:
The optimal tax conditions for people who have their own businesses or are just starting a business or a new venture are described. These tax advantageous measures include the organization of the business as an S corporation to be able to take advantage of any start-up losses, the retention of all corporate profits and capital to finance growth, and a switch to a C corporation status to take advantage of the lower corporate tax rates for this business form.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
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41 tax actions to take before Dec 31; Apr 15 is too late
Article Abstract:
Several tax tips that can help generate savings on personal and business taxes can benefit business owners. Among these personal tax tips include increasing the personal withholdings, paying all 1998 state and local income taxes, property and real estate taxes, and making deductible and nondeductible individual retirement accounts. Business owners can also benefit from acquiring a tax deduction for medical and dental expenses.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1998
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