Small Business Tax Strategies
With rising personal tax rates for high income earners and most small business owners including business profits on their personal income taxes, many small business owners are facing a dilemma: should they carry on as they have or should they switch to a C-corporation? C-corporation taxes are expected to drop this year but C-corporations have tax troubles of their own, with the ability to be “double-taxed” in certain situations.
Is your business switching structure due to the changing tax laws? Why or why not? Tell us your story! Read the Wall Street Journal article on the tax structure changes here.