As you consider the process of shutting down your S corporation, it is crucial to understand the federal income tax implications that come with it. Here, I outline the tax basics for the corporation and its shareholders under two common scenarios: stock sale and asset sale with liquidation.

Were you self-employed during 2021? If so, there is a good chance that you could have qualified for COVID-19 sick and family leave credits worth as much as $32,220.

The Happy Camper Foundation believes summer camp offers children a way to step back from the stress in their lives and focus on just being a kid. Their organization’s 30+ years of experience with summer camps around Southern California has shown that a parent’s biggest determining factor

Payroll is a complex process that involves establishing your business as an employer, paying wages, managing taxes, and other financial procedures. With all that in mind, what's the best way to do payroll for a small business?