Joe Kristan of the Tax Update Blog has a very interesting post on So What is the Right S Corporation Salary? The blog post discusses a recent 8th Circuit case where a West Des Moines accountant had to pay FICA taxes on about $91,000 of his earnings from his professional S corporation –rather than $24,000–
LLCs Are Not Always Better Than S Corps
I have seen many articles on the Internet which state that you absolutely need to form a limited liability company (LLC) if you are a small business owner. The S corporation, once the darling of small business entities, must now feel like the red-headed step child.
But as New York attorney Derek Underwood points out
IowaBiz.com: Small Business Site Catching Fire!
The IowaBiz.com site is gaining popularity daily. Yours truly is one of the contributing authors but the other eleven authors have me checking this site every day and reading it through my feedreader. I am continually impressed with the quality of the ideas and concepts developed by the authors. A couple of my recent favorites and applicable to readers of