S Corporation Compensation and Taxes

S Corporation Compensation and Taxes

How Much Compensation Should S Corporation Shareholders Receive? When you run your own business, self-employment taxes are a fact of life. However, if you are interested in reducing your annual tax burden, it may be worth exploring the possibility of filing as an S...
What Is An 83(b) Election

What Is An 83(b) Election

An 83(b) election (here’s the code) can effectively accelerate your income tax and save you money by allowing equity you receive to be taxed before it is vested in a company, rather than after (we’ll talk more about what this means in practical terms in a...
What Is A W-9?

What Is A W-9?

As the year wound down and we brought 2018 to a close, your nonprofit may receive requests for W-9 forms from companies you’ve done business with over the course of the year.  You may think of a W-9 as a form that only applies to independent contractors (and, for the...
What Is A 1099?

What Is A 1099?

If you’re self-employed, work as an independent contractor, or operate a business that hires independent contractors to complete work for your company, you’ve likely heard something about a 1099.   What Is a 1099? While wages and salaries are reported on the form W-2,...
Statement of Information

Statement of Information

In the state of California, LLCs and corporations are required to file an annual or biannual Statement of Information with the office of the Secretary of State.  While it may be tempting to delay filing – after all, running a business keeps you busy – it’s...