It's easy to get stuck trying to figure out which business structure is right for your company. This post looks at two popular options S Corp vs LLC.
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S corporations can provide health insurance as tax-free employee fringe benefits to non-owner employees. However, if the company provides medical care coverage for shareholders, the premiums are considered taxable income to the shareholder.
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It’s almost the end of the year, so business owners are looking at their financial statements for ways to increase their compensation without hurting the business or getting into tax trouble.
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