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C Corporation vs. S Corporation: Key Differences and Benefits

If you are forming a corporation for your small business, one of the biggest decisions you will make is whether to structure it as a C Corporation vs. S Corporation.  This choice will impact how your business is taxed, the ability to raise capital, ownership rules, and more. Forming a corporation provides several key tax […]

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How To Avoid Paying Taxes as an Independent Contractor

As an independent contractor, you may have wondered, “How to avoid paying taxes on 1099 income.” The IRS views independent contractors as self-employed, which opens up a range of tax advantages not available to everyone.  As someone running a business, you can deduct ordinary and necessary business expenses.  These deductions can significantly reduce your taxable income

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