Looking to save for small business taxes? Get help now! The S corporation tax benefits can be use in the next year end small business tax tips to implement tax saving strategies before the New Year and reduce next year’s income tax. The benefits will help you setup a limited liability company and use it to run your business. Then, use of recent tax laws to have your LLC taxed as an S corporation, or S corp. With this, Nelson notes electing S status can often provide thousands of dollars of S corporation tax benefits because of the corporate income tax and payroll tax savings. Labels: Blogging |