Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

When Zohran Mamdani and his supporters talk of taxing the rich, they usually mean it on a personal level — referring to his proposal to raise income taxes on New York City residents with annual ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.

Gov. Hochul is reportedly open to raising taxes on corporations in the Empire State to help fund socialist Mayor-elect Zohran ...

Nassau Republican lawmakers on Monday publicly denounced a plan set forth by New York City Mayor-elect Zohran Mamdani to ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

Ald. Jason Ervin (28th) told the City Club of Chicago Wednesday that Johnson could use his veto to thwart any budget proposal ...

Mayor Brandon Johnson’s corporate head tax is dead whether he admits it or not. It’s time to talk concessions with unions ...