Archive for March 2020
An important update from Howard, LLP
March 23, 2020 To our valued clients and friends: We would like to take this opportunity to update you on the status of various services we provide in context to new requirements regarding COVID-19. We hope you and your family are staying healthy and well during this unusual time in our history. Our hearts go […]
Can business owners reduce tax by using an S corporation?
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation. Self-employment tax basics The self-employment tax is imposed on 92.35% of […]