Posts Tagged: starting an s corp

S-Corp Changes in Store For Small Business Owners

The House ways and means committee recently published a bundle of tax extenders, which can be partly offset by a rise in the S Corp payroll tax on companies in service businesses. All these tiny private service S-corps will likely be struck if their solutions are described as in which their main advantage is the reputation and ability of fewer employees.In particular, the legislation intends to target owners of these S-Corps by devoting their whole gain to SECA tax. The tax is now 15.3% of their [...]