QUICK PRACTICAL ADVICE ABOUT YOUR TAXES
It's later than you think!
Time flies. We all think of “tax day” as being April 15th. However if you are thinking of starting a new business or that LLC you have leaves you feeling exposed, think about electing to start an S Corporation. The deadline for that is coming up quickly: March 15th!
For effective tax-saving strategies, how you structure your business for the coming year should be job one. Also, operating a business without thinking about potential lawsuits is unthinkable. With an S Corp you are not personally on the hook for business liabilities. So, one size does not fit all in the business world. An S Corp or a partnership may give you flexibility in designing compensation strategies as well as how to best distribute profits to keep more money in your own pocket.
Selecting the best business structure for you requires informed knowledge. Call us and we will help you define the best strategy for your business.
Disclainer: The topic addressed here is for information only. Personal taxes and financial situations may vary and require one-to-one consultation to receive appropriate professional advice for your specific situation.
Annie Hung-Scanga, CPA, MBA, CKA (quickbooks Advanced Certified ProAdvisor Online) | Managing Member, Atlantis Accounting
Princeton NJ Princeton Forrestal Village 116 Village Blvd., Suite 200 Princeton, NJ 08540 Tel. 609.910.2600
Paramus NJ | Mack Cali Center III (South Tower) | 140 E Ridgewood Ave., Suite 415 | Paramus, NJ 07652 | Tel. 201.694.6251
http://atlantiscpa.com
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email:
annie@atlantiscpa.com