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Benefits of Being Taxed as an S Corporation over a Sole Proprietor/Partnership

Benefits of Being Taxed as an S Corporation over a Sole Proprietor/Partnership

by brian@bshaccounting.com | May 23, 2024 | Uncategorized

The Benefits of Being Taxed as an S Corp over a Sole Proprietor/Partnership. Witnessing the transformation of an idea into a thriving business is an exciting milestone for any entrepreneur. However, you need to establish a solid business structure to lay the...
How to Implement Internal Controls

How to Implement Internal Controls

by brian@bshaccounting.com | Jan 10, 2024 | Accounting, Blogs

How to implement internal controls for accounting in a business and fraud deterrence? Internal control refers to the processes and systems that a business puts in place to safeguard its assets. It also ensures accurate financial reporting and promotes operational...
2024 Texas Franchise Tax Reporting Changes

2024 Texas Franchise Tax Reporting Changes

by brian@bshaccounting.com | Jan 3, 2024 | Accounting, Blogs

How to Comply with Sales Tax as an eCommerce Business Selling to Multiple States You need to do many things to keep your business in good health, and staying compliant with the various laws and regulations is one of the trickiest. Mainly if you are an eCommerce...
New BOI Reporting Rule – Information and Guidance

New BOI Reporting Rule – Information and Guidance

by brian@bshaccounting.com | Dec 25, 2023 | Accounting, Blogs

The new Beneficial Ownership Information (BOI) rule, implemented as part of the Corporate Transparency Act (CTA), requires certain companies to report their beneficial ownership information to the U.S. Department of the Treasury. This rule aims to enhance corporate...
What is Texas Franchise Tax and How Do You File for It?

What is Texas Franchise Tax and How Do You File for It?

by brian@bshaccounting.com | Jul 6, 2023 | Accounting, Blogs

When you run a corporation or business, there are a lot of different taxes and other payments you need to pay. It can be intimidating when you sit down and look at all these additional financial responsibilities. One of the payments you may need to pay, depending on...
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