| C corporation as choice of entity |
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Written by Patrick Islip, CPA
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Here is a summary of the major advantages and disadvantages of doing business as a C corporation.
A C corporation allows the business to be treated and taxed as a separate entity from you as the principal owner. A properly structured corporation can protect you from the debts of the business yet enable you to control both day-to-day operations and organic corporate acts such as redemptions, acquisitions, and even liquidations.
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| Can you deduct your club dues? |
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Written by Patrick Islip, CPA
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Like many other enterprises, your business may pay club dues to one or several types of organizations. These dues may or may not be deductible, depending on the type of organization and its purpose.
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| An Investor's Eye View of the Corporate Income Tax |
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Written by Auburn CA Tax Helper CPA
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The Investor's Eye view of politics is a simplistic, practical, "dot-connecting" approach to sorting things out so that positive (win/win) change can be considered. Real World politics is not concerned with such things, and that is one of the most serious problems facing investors today. As outlined in "Investment Politics 2011", there are at least ten issues that require government action if we are to maintain our competitive position in the World Economy. Most of these are interrelated and need to be acted upon simultaneously⦠thus causing a major political dilemma. Politicians are much more interested in talking about change than they are in actually legislating it; they prefer to champion just one specific issue at a time so as not to appear too independent; and they can't keep themselves from back sliding into the now archaic distinction between investors and poor people. Rich or poor, most Americans have investments. For the small investor to become wealthier, his or her efforts must be encouraged by the tax code the wealthy will become wealthier in spite of the tax code! And, believe it or don't, the vast majority of the wealthy (even corporate executives) are good, productive, caring-about-the-environment, people.
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