BUSINESS MONEY GURU
Updated 13 days ago
Incorporating your business can offer a multitude of tax advantages, providing strategic opportunities to optimize your financial position. One of the most compelling benefits is the attractive corporate tax rate established by the Tax Cuts and Jobs Act of 2017, which lowered the federal corporate tax rate from 35% to 21%. By operating as a C Corporation, business owners may find themselves in a more favorable tax bracket compared to pass-through entities. Moreover, C Corporations can leverage deductions on payroll expenses, including wages, salaries, and bonuses, effectively reducing taxable income...
Most small businesses face common challenges that we help to navigate and empower each entrepreneur overcome. Which of these apply to your business?...
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