Included with every package:
Work with accountants with 30 years of C Corporation bookkeeping and tax preparation experience.
We are so confident in the quality of our bookkeeping that we'll prepare your taxes for free.
Everything you need to manage your businesses yearly finances, with no hidden costs.
We use QuickBooks online, so you get access to your books 24 hours a day, seven days a week.
The benefits of a C Corporations can include greater tax deductions for pension and retirement expensing and funding, health insurance and medical expenses, lower payments for social security tax and Medicare tax, and more. You'll work with CPAs who understand that maintaining accurate records allows you to gain a more detailed understanding of your day to day income and expenditures, and helps you better prepare for tax time.
Forming a Corporation can provide many benefits. The most important factor is that incorporation can help limit your personal liability as a business owner. Generally, creditors of your corporation must satisfy their claims by seizing the assets of the corporation rather than your personal assets. In contrast to a sole proprietor or partner in a partnership, you are financially responsible for all liabilities of the business, and your personal assets are subject to seizure or lien by creditors. Other benefits of incorporation can include greater tax deductions for pension and retirement expensing and funding, health insurance and medical expenses, lower payments for social security tax and Medicare tax, and greater opportunity to raise capital for the business through the issuance of stock.
A corporation is a legal entity created under the laws of a particular state. It is distinct from its owners, who are called shareholders and has its own legal existence.
Business owners and entrepreneurs may choose to become a C corporation for the following reasons. They feel they may able to grow the company through reinvested corporate earnings. The dividend tax paid by the owners of the corporation is only levied at the point that dividends are actually paid out to the shareholders. If a corporation plans to retain earnings to fund growth, a C corporation may not cost that much more in taxes on a current basis than an S corporation does. If a corporation earns and reinvests modest amounts of profit in the business, the tax rates may be lower than at the individual level. Currently, the first $50,000 in profits that a C corporation earns may be subject to a low 15% federal corporate income tax. Also there are Tax-free fringe benefits for shareholder-employees.