S corporations and C corporations’ business structures derive their names from the sections of the Internal Revenue Code under which they pay taxes. S corporations pay taxes under Subchapter S while C corporations pay taxes under Subchapter C. Common qualities of both S corporations and C corporations Structure: C corps and S corps have directors, officers, and shareholders. […]
When it comes to the death of a loved one, it can be difficult to understand what is going to take place with their property and how to count it when paying taxes. It’s difficult understanding the differences between a will and a trust. The difference between wills and trust from a tax standpoint varies from state […]
How do you identify fraudulent financial reporting in San Francisco, CA? If you’re just starting out as a new business owner, or have never had to deal with this situation before, you might not have any examples of fraudulent financial reporting. Basically, if you’re altering or misrepresenting your firm’s financial statements in order to give […]
Embezzlement isn’t just for Wall Street players or TV crime show characters—it’s a surprisingly common crime that occurs when someone steals from their employer or another person that has entrusted them with a piece of property or other valuable material. If you think an employee has stolen property or money from you and you want […]