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Self-employment tax

Self-employment tax is a tax paid by self-employed individuals on their net earnings from self-employment. Self-employment tax is a combination of Social Security and Medicare...

All employers must file a Form W-2

Yes, all employers must file a Form W-2 for each employee that they paid during the year. Form W-2 reports the wages, tips, and other...

Do you have a Question?

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Limited Liability Company (LLC)

A limited liability company (LLC) is a business structure that combines the limited liability of a corporation with the flexibility of a partnership. LLCs are...

S Corporations

S corporations, also known as Subchapter S corporations, are a type of corporation that is taxed differently from C corporations. S corporations are pass-through entities,...

Corporations

A corporation is a legal entity that is separate from its owners. This means that the corporation can own property, enter into contracts, and sue...

Sole Proprietorships

A sole proprietorship is a business that is owned and operated by one person. The owner is personally liable for all debts and obligations of...