There is still time to cut your 2011 tax bill
Are you still dealing with your 2011 tax return? Do you owe a bigger tax bill than you expected? Are you missing a tax break because your adjusted gross income is too high? Would you like a bigger refund? Don’t despair. You might still have time to make some...Deadline for electing S corporation status is March 15
This post explains some of the advantages and disadvantages of doing business as an S corp versus a C corp.
Two important tax deadlines approaching
March 15 – 2011 calendar-year corporation income tax returns are due. Extensions may be filed to give until September 17, 2012, to file. March 15 – Deadline for calendar-year corporations to elect S corporation status for 2012. April 2 – Deadline for...Planning To Improve Your Profitability
We often say that “what you measure you can manage.” This is especially true when it comes to achieving greater profitability for your business. You should begin by focusing your profit improvement strategies into three key areas that can be measured by their...Corporate Minutes Support Tax Position
You should think of your board of directors’ minutes as a key element of your tax planning strategy.