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Small business corporation requirements 2018

Small business corporation requirements 2018

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How Pass-Through Income Will Be Taxed For Small Business Owners
C corporation
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If you're familiar with the different types of businesses out there, you've probably heard something about S Corporations or “S-Corps”.
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There are 30.2 million small businesses in the country as of August 2018, it added.
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Source: ASIC.
The province's 2017 budget is balanced, with projected balanced budgets for 2018 and 2019.
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For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations.
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For a visual explanation of the pass-through deduction, check out the flow chart below, provided by Leon LaBrecque, a Troy, Mich.
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What is the S Corporation (S Corp)?
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