Category Archives: Taxes

Distributions, S-Corporations, Taxes

Four Facts About S-Corporation Distributions

Posted on by Paul McCann
sedona
08
Mar

Your LLC is up and running. You’ve figured out the benefits to being taxed as an S-corporation and have placed yourself on the payroll. Not to be unreasonable, you took steps to make sure your salary would be acceptable to the IRS should they choose to review it. Now that your company is profitable, how do you get that profit into your pocket without creating tax headaches?Here are four facts you need to know about distributions from an S-corporation. 1. &nb […]

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Practice Management, Taxes

What is Use Tax Anyway?

Posted on by Paul McCann
02
Feb

Learning about taxes your business needs to pay is exhausting.  From the employer’s portion of FICA, federal unemployment, state unemployment, sales tax as well as the other requirements parallel to taxes like annual filing fees, licenses and workman’s compensation, owners’ eyes glaze over as they weigh the complexities and time requirements of tax compliance.​When you look at these taxes in the aggregate, they act like opportunistic mosquitos slowly pricking […]

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