Small Business
Converting an S Corp to a C Corp
Whatever structure your clients launched with, at some point, for various reasons, changing structures may become a valid consideration.
Nellie Akalp
CEO, CorpNet Inc.
Nellie Akalp is a passionate entrepreneur, recognized business expert and mother of four. She is the CEO of CorpNet.com, the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States.
Loved by entrepreneurs, accountants and lawyers, CorpNet offers transparent pricing and a simple ordering process. Payroll service providers and larger firms appreciate CorpNet’s quickly scalable software and API solutions.
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Small Business
Changing Legal Structures: LLCs and C Corps
Business change is constant, so it wouldn’t be surprising if, at some point, your clients considered changing their legal structures.
Benefits
2022 Independent Contractor Update
Employers consistently misclassify workers, which could land them in big trouble with state and federal labor departments, resulting in heavy fines and possibly having to compensate workers for back pay and benefits.
Payroll
S Corp Salary Guidelines - What is Reasonable Compensation?
Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...
Accounting
3 Trends for Accounting Firms in 2022
Firms willing to adopt new technologies and prioritize employee and client experiences will be in an ideal position to attract new clients and keep current clients happy. Here are three trends to know for the coming year.
Small Business
A 2021 Year-End Checklist for Your Small Business Clients
Benefits
The Digital Nomad Client
Do your clients want help setting up their new business as a “digital nomad”? Digital nomads are people who use tech to work remotely from anywhere they hang their hats, whether it be a beach, a foreign country, or a recreational vehicle....
Small Business
Everything You Need to Know About LLCs to Help Your Clients
Popular for its owner liability protections and flexible tax options, the Limited Liability Company (LLC) is a legal structure option worth exploring for clients who are starting or growing businesses.
Small Business
Do You and Your Clients Have the Correct Permits and Licenses to Run a Business?
Running a business keeps you so busy, it’s easy to forget about obtaining and renewing the many permits and licenses required to keep up with federal and local regulations. The following is a helpful checklist to make sure you and your clients’ ...
Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients
As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline.
Benefits
PPP Forgiveness and Your Clients
Although the CARES Act Payroll Protection Program’s (PPP) loan application period closed last August, you most likely have clients who received funding and now need to plan for loan forgiveness. The rules changed since the program began.
Small Business
The Accountant’s Entity Guidebook
Ready to start your own accounting firm? Here's how to decide which entity type is best if when starting a new practice.