91 \\ C Corporation Taxes: CPA Advice on Double Taxation, 1202 Exclusions & Strategy
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 01 Apr 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/91-c-corporation-the-double-edged-sword-of-taxation-are-you-ready-to-roll-the-dice/
Thinking about setting up a C Corporation? This episode breaks down the pros and cons so you can make an informed decision. We cover how C corp taxation works, why the 21% corporate tax rate isn’t always the advantage it seems, and how double taxation through dividends can hit hard. You’ll learn why some business owners choose a C corp structure, how fringe benefits and fiscal year planning can be leveraged, and when a 1202 exclusion might eliminate capital gains taxes on a sale. If you’re considering raising capital, building equity for a future sale, or just curious if a C corp makes sense for your tax strategy, this CPA advice will help you weigh the risks and opportunities before making the move.
Next Steps:
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