One of the most common questions CPAs get asked is, “When should I change my tax election from a sole, or partnership, LLC to an S-Corp?” The follow-up question is usually, “Why should I make the tax election move?” Let’s first explain the difference between an LLC and an S-Corp. An LLC or Limited Liability …
WHEN SHOULD YOU MOVE YOUR TAX ELECTION FROM SOLE OR PARTNERSHIP TO AN S-CORP? Read More »
Tax deductions and tax credits are two confusing tax terms that sound the same but affect a business’s tax return differently. While both are deductions on a tax return, how they reduce the tax due is different. So how do they differ? Tax Deductions Tax deductions are dollar amounts on a tax return that reduce …
At NaRfula Financial Solutions we pride ourselves in being the right company for our clients by providing customized services that help our clients successfully grow their businesses. We serve small businesses, in the; research, technology, engineering, legal, and chiropractic industries. We also welcome government contract projects.
