Partnership distribution rules and complexities

Partnership distribution rules and complexities

Partnerships give owners more freedom than corporations to decide who gets paid, when, and how much. But with that flexibility comes complexity, especially at tax time. Not every dollar that changes hands is treated the same.  In this article, we’ll focus...
Understanding Safe Harbor 401(k) Plans

Understanding Safe Harbor 401(k) Plans

Offering a 401(k) can be a great way to attract and retain top talent. Yet traditional 401(k) plans come with a compliance burden: they must satisfy IRS rules known as nondiscrimination testing to ensure that retirement benefits don’t disproportionately favor...
When is an S-corp election the right move?

When is an S-corp election the right move?

Most early-stage small businesses operate as partnerships or single-member LLCs, taking advantage of pass-through taxation to separate the business legally from the owner while avoiding unnecessary compliance burdens. In these early stages, an S-corporation election...
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