August 2014

Strategy for C Corporation Have your C Corporation provide company-paid qualified long-tern care coverage as an employee benefit for selected employees, such as yourself. This coverage is eligible for the same tax-advantaged treatment as a regular company-paid health insurance program. The result is the corporation can...

Borrowing payroll tax withholding funds is stealing. Why? It's not yours. When you or your corporation withhold money from the employees, you individually act in a fiduciary capacity and have the responsibility to remit that money to the government timely. Your willful failure to accomplish this,...