What you need to know about C Corporation switching to an S Corporation

What you need to know about C Corporation switching to an S Corporation

This post was originally published on July 17, 2013, and updated on September 27, 2018. With the recent change in the Tax Cut and Jobs Act, new business owners are asking what is the best entity set up, and current business owners are asking if they should move their C corporation switching to an S corporation. The answer really depends on what the long-term goals are for the business. What are your long-term goals for the business? The right structure doesn’t just depend on the state of your business today; it also depends on where you would like to be in three to five years, or even longer. read...
Fire Your Boss and Start Your Own Business

Fire Your Boss and Start Your Own Business

Fire Your Boss and Start Your Own Business Do you ever feel like you’re stuck in a rut and want to start your own business? You wake up each morning and go to the same job, driving on the same roads, walking on the same streets, and doing the same thing day after day – and that gets pretty boring! Do you feel unappreciated at work? You may be a hard worker but never get the true recognition you deserve from your boss and colleagues. Just once you would like your boss to pat you on the back and say, “Good job,” but unfortunately that day never seems to come. read...
Using the Law of Attraction to Boost Your Income

Using the Law of Attraction to Boost Your Income

Using the Law of Attraction to Boost Your Income We’ve all heard about how positive thinking can benefit you in many ways, but did you know that positive thinking and the Law of Attraction can help boost your income as well? These days we all could use some extra income! This article will give you an understanding of how positive thinking and the Law of Attraction are interrelated, as well as explain how you can use these principals for your financial benefit. Positive Thinking Positive thinking is more than just being upbeat all the time. The term “optimistic” comes to mind; however, positive thinking is much more than just being hopeful, also. Positive thinking is the opposite of negative thinking. read...
Real Estate Taxes – Who Should Pay When Buying a Home

Real Estate Taxes – Who Should Pay When Buying a Home

When you buy a home, you may wonder who should pay for the first year Real Estate Taxes? The seller should pay the taxes from the beginning of the year until the date of closing, and allowing the buyer to pay the taxes due after closing to the end of the year. Resulting in each party to pay for taxes during the time they owned. Seller-Buyer Split of Real Estate Taxes In the event, the seller has already paid the taxes for the entire year. Then the buyer should reimburse the seller for the prorated share. If all of the taxes are still owed, then the seller should be charged a prorated share placing that amount in escrow. Tax payments are arranged through the sale contract when buying or selling a home. The written offer will stipulate the requirements, which would be each party pay their portion of the tax. read...

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