DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Elect S corporation status by March 16

Elect S corporation status by March 16

Elect S corporation status by March 16

If you own a small business, you have until March 16, 2015, to choose S corporation status for this year. In order to become an S corporation, you'll need the unanimous approval of all shareholders.

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Worthless Small Business Stock - A loss can be a Win?

Worthless Small Business Stock - A loss can be a Win?

Worthless Small Business Stock - A loss can be a Win?

Sometimes you need to close your corporation... I have seen to many businesses struggle with debts that are unbearable as circumstances change; a downward eceonomy, technology obsolesence or change in customer demographics.  Many owners fear the closure, as they do not know of the ability to salvage some tax dollars through the closure.

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