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An S-Corporation (S-Corp) allows businesses to benefit from reduced self-employment taxes, impacting your company’s net income. The S-Corp designation requires IRS approval following an application. S-Corps file their taxes using Federal Form 1120-S and relevant state schedules.
A C-Corporation (C-Corp) is a separate taxable entity that pays taxes at the corporate level, using Federal Form 1120 and necessary state schedules. This structure is suitable for larger businesses and those with multiple shareholders, including many startups in Delaware.
Navigating tax requirements for LLCs can be intricate, as filings depend on the structure and number of owners. Single-member LLCs typically report taxes on Federal Form 1040 Schedule C, while multi-member LLCs are treated as partnerships for tax purposes and file using Federal Form 1065, unless classified differently, such as an S-Corporation or C-Corporation.
Our expert consultants work closely with you to develop strategic tax plans that minimize liabilities and enhance profitability. Whether you’re a small startup or a large corporation, our personalized consultation services are tailored to meet your business’s unique financial needs.
We provide meticulous tax return preparation services for Partnerships, S-Corporations, C-Corporations, and LLCs, ensuring accuracy and compliance with the latest tax laws. Our goal is to streamline your tax processes, allowing you to focus more on your business operations.
With extensive experience in state-specific tax regulations, we provide expert assistance across all 50 states. This comprehensive coverage ensures that your business’s tax needs are fully managed with the highest level of expertise, regardless of location.
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