Hogs Will Be Slaughtered

S-corporations, some­time when you were set­ting up your busi­ness, you chose, or some­one advised you to choose S-corporation as your busi­ness form.  One advan­tage is they avoid the “dou­ble tax­a­tion” of the C-corporation; the gov­ern­ment does not usu­ally tax S-corporations. The S-corporation passes income through to you, a shareholder, and you pay the taxes [...] Read more »

S-Corp should not pay Shareholder taxes

S-corporations are pass through enti­ties.  That means income earned by the cor­po­ra­tion is gen­er­ally passed through to the indi­vid­ual share­hold­ers in pro­por­tion to their num­ber of shares of stock; such income is usu­ally not taxed at the S-corporation level. Of course employee share­hold­ers should pay them­selves a rea­son­able wage and [...] Read more »