SlideShare a Scribd company logo
1 of 15
The S Corporation How It All Works! Presented By: Mark Borel, CPA Mark Borel & Associates, Inc.
What is an S Corporation? ,[object Object],[object Object],[object Object]
Common Characteristics of S and C Corps ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Common Characteristics of S Corps and Partnerships ,[object Object],[object Object],[object Object],[object Object],[object Object]
So How is an S Corporation Formed? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],When Should an S Corporation be Used?
But How Does an S Corp Work? ,[object Object],[object Object],[object Object]
How an S Corp Works  (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How an S Corp Works  (cont.) ,[object Object],[object Object],[object Object],“ Flow through ” income reported on Form K1 is subject to  only  federal income tax:
How an S Corp Works  (cont.) ,[object Object],[object Object],[object Object],[object Object],“ Employment ” related income reported on Form W2 is subject to  both  federal income tax and employment taxes:
Getting The Money Out ,[object Object],[object Object],[object Object]
So How Much Salary Should I Take? ,[object Object],[object Object],[object Object],[object Object]
S Corporation: T ax Advantages ,[object Object],[object Object],[object Object],[object Object],[object Object]
S Corporation:  Disadvantages ,[object Object],[object Object],[object Object]
Thank You For Attending! ,[object Object],[object Object],[object Object],Presented by: Mark Borel, CPA, President Mark Borel & Associates, Inc.

More Related Content

What's hot

What's hot (20)

BASICS OF INTERNATIONAL TAXATION
BASICS OF INTERNATIONAL TAXATIONBASICS OF INTERNATIONAL TAXATION
BASICS OF INTERNATIONAL TAXATION
 
General presentation on Income Tax in Bangladesh
General presentation on Income Tax in BangladeshGeneral presentation on Income Tax in Bangladesh
General presentation on Income Tax in Bangladesh
 
Tax Planning, Tax Evasion, Tax Avoidance,
Tax Planning, Tax Evasion, Tax Avoidance,Tax Planning, Tax Evasion, Tax Avoidance,
Tax Planning, Tax Evasion, Tax Avoidance,
 
Value Added Tax (VAT) in UAE
Value Added Tax (VAT) in UAEValue Added Tax (VAT) in UAE
Value Added Tax (VAT) in UAE
 
Tax ppt
Tax pptTax ppt
Tax ppt
 
Tax Planning in india
Tax Planning in indiaTax Planning in india
Tax Planning in india
 
Taxation
TaxationTaxation
Taxation
 
Lesson 12 deductions
Lesson 12 deductionsLesson 12 deductions
Lesson 12 deductions
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income ppt
 
International Taxation
International Taxation International Taxation
International Taxation
 
Tds on transfer of immovable property - 194IA
Tds on transfer of immovable property - 194IATds on transfer of immovable property - 194IA
Tds on transfer of immovable property - 194IA
 
AS 22 - Accounting for Tax of Income
AS 22 - Accounting  for Tax of IncomeAS 22 - Accounting  for Tax of Income
AS 22 - Accounting for Tax of Income
 
Assessment of partnership firms
Assessment of partnership firmsAssessment of partnership firms
Assessment of partnership firms
 
Tds overview final
Tds overview finalTds overview final
Tds overview final
 
PPT on TDS in Very Simple Language
PPT on TDS in Very Simple LanguagePPT on TDS in Very Simple Language
PPT on TDS in Very Simple Language
 
Tax evasion & Tax avoidance
Tax evasion & Tax avoidanceTax evasion & Tax avoidance
Tax evasion & Tax avoidance
 
Accounting for Income Tax
Accounting for Income TaxAccounting for Income Tax
Accounting for Income Tax
 
Double taxation
Double taxationDouble taxation
Double taxation
 
Types of Taxes
Types of TaxesTypes of Taxes
Types of Taxes
 
Incomes exempt from tax under section 10
Incomes exempt from tax under section 10Incomes exempt from tax under section 10
Incomes exempt from tax under section 10
 

Viewers also liked

Chapter 12 presenatation
Chapter 12 presenatationChapter 12 presenatation
Chapter 12 presenatation
dphil002
 
The 10 Most Common Mistakes Small Business Owners Make
The 10 Most Common Mistakes Small Business Owners MakeThe 10 Most Common Mistakes Small Business Owners Make
The 10 Most Common Mistakes Small Business Owners Make
Nancy Byerly
 
2013 cch basic principles ch16 piv
2013 cch basic principles ch16 piv2013 cch basic principles ch16 piv
2013 cch basic principles ch16 piv
dphil002
 

Viewers also liked (7)

Chapter 12 presenatation
Chapter 12 presenatationChapter 12 presenatation
Chapter 12 presenatation
 
The 10 Most Common Mistakes Small Business Owners Make
The 10 Most Common Mistakes Small Business Owners MakeThe 10 Most Common Mistakes Small Business Owners Make
The 10 Most Common Mistakes Small Business Owners Make
 
S Corp Presentation 2011
S Corp Presentation   2011S Corp Presentation   2011
S Corp Presentation 2011
 
S corporation tax strategy
S corporation tax strategyS corporation tax strategy
S corporation tax strategy
 
S Corporation Shareholders: Protecting What is Near and Dear
S Corporation Shareholders: Protecting What is Near and DearS Corporation Shareholders: Protecting What is Near and Dear
S Corporation Shareholders: Protecting What is Near and Dear
 
2013 cch basic principles ch16 piv
2013 cch basic principles ch16 piv2013 cch basic principles ch16 piv
2013 cch basic principles ch16 piv
 
Accounting for S corporation distributions.
Accounting for S corporation distributions.Accounting for S corporation distributions.
Accounting for S corporation distributions.
 

Similar to The S Corporation - How It All Works!

Efficiently Getting Cash Out Of Your Business
Efficiently Getting Cash Out Of Your BusinessEfficiently Getting Cash Out Of Your Business
Efficiently Getting Cash Out Of Your Business
skfa1982
 
Startup & Small Business Presentation (2015)
Startup & Small Business Presentation (2015)Startup & Small Business Presentation (2015)
Startup & Small Business Presentation (2015)
Eric Leander
 
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docxM4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
smile790243
 
735e23bbe61f16d3b136bc2f1d2672f0.pptx
735e23bbe61f16d3b136bc2f1d2672f0.pptx735e23bbe61f16d3b136bc2f1d2672f0.pptx
735e23bbe61f16d3b136bc2f1d2672f0.pptx
Accion
 
57d70e04ee035347b0efc198403ac29d.pptx
57d70e04ee035347b0efc198403ac29d.pptx57d70e04ee035347b0efc198403ac29d.pptx
57d70e04ee035347b0efc198403ac29d.pptx
Accion
 
463d6ef376825bce41a606c1c1747a3f.ppt
463d6ef376825bce41a606c1c1747a3f.ppt463d6ef376825bce41a606c1c1747a3f.ppt
463d6ef376825bce41a606c1c1747a3f.ppt
Accion
 
Chapter 11
Chapter 11Chapter 11
Chapter 11
dphil002
 
Legal and Tax Implications When Setting Up a Business in Florida
Legal and Tax Implications When Setting Up a Business in FloridaLegal and Tax Implications When Setting Up a Business in Florida
Legal and Tax Implications When Setting Up a Business in Florida
Neil Rumbak
 
Accounting Basic for Attorney - Accounting for Different Business Entities
Accounting Basic for Attorney - Accounting for Different Business EntitiesAccounting Basic for Attorney - Accounting for Different Business Entities
Accounting Basic for Attorney - Accounting for Different Business Entities
Irma Miller
 
Chapter 13 presentation
Chapter 13 presentationChapter 13 presentation
Chapter 13 presentation
dphil002
 

Similar to The S Corporation - How It All Works! (20)

Efficiently Getting Cash Out Of Your Business
Efficiently Getting Cash Out Of Your BusinessEfficiently Getting Cash Out Of Your Business
Efficiently Getting Cash Out Of Your Business
 
Startup & Small Business Presentation (2015)
Startup & Small Business Presentation (2015)Startup & Small Business Presentation (2015)
Startup & Small Business Presentation (2015)
 
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docxM4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
M4A1 Keno Enriquez posted Mar 5, 2018 1146 AMC CorporationsC .docx
 
735e23bbe61f16d3b136bc2f1d2672f0.pptx
735e23bbe61f16d3b136bc2f1d2672f0.pptx735e23bbe61f16d3b136bc2f1d2672f0.pptx
735e23bbe61f16d3b136bc2f1d2672f0.pptx
 
57d70e04ee035347b0efc198403ac29d.pptx
57d70e04ee035347b0efc198403ac29d.pptx57d70e04ee035347b0efc198403ac29d.pptx
57d70e04ee035347b0efc198403ac29d.pptx
 
Business entity chart
Business entity chartBusiness entity chart
Business entity chart
 
TDS.pptx
TDS.pptxTDS.pptx
TDS.pptx
 
GameStartUp101: Legal: Company Formation
GameStartUp101: Legal: Company FormationGameStartUp101: Legal: Company Formation
GameStartUp101: Legal: Company Formation
 
463d6ef376825bce41a606c1c1747a3f.ppt
463d6ef376825bce41a606c1c1747a3f.ppt463d6ef376825bce41a606c1c1747a3f.ppt
463d6ef376825bce41a606c1c1747a3f.ppt
 
Forms of business organization
Forms of business organizationForms of business organization
Forms of business organization
 
Chapter 11
Chapter 11Chapter 11
Chapter 11
 
Business Structures Assignment
Business Structures AssignmentBusiness Structures Assignment
Business Structures Assignment
 
Legal and Tax Implications When Setting Up a Business in Florida
Legal and Tax Implications When Setting Up a Business in FloridaLegal and Tax Implications When Setting Up a Business in Florida
Legal and Tax Implications When Setting Up a Business in Florida
 
Accounting for Different Business Entities
Accounting for Different Business EntitiesAccounting for Different Business Entities
Accounting for Different Business Entities
 
Owner manager compensation
Owner manager compensationOwner manager compensation
Owner manager compensation
 
Accounting Basic for Attorney - Accounting for Different Business Entities
Accounting Basic for Attorney - Accounting for Different Business EntitiesAccounting Basic for Attorney - Accounting for Different Business Entities
Accounting Basic for Attorney - Accounting for Different Business Entities
 
Business Organizations
Business OrganizationsBusiness Organizations
Business Organizations
 
Chapter 13 presentation
Chapter 13 presentationChapter 13 presentation
Chapter 13 presentation
 
Guide to running a limited company
Guide to running a limited companyGuide to running a limited company
Guide to running a limited company
 
Small business guide to taxes 03032010
Small business guide to taxes 03032010Small business guide to taxes 03032010
Small business guide to taxes 03032010
 

Recently uploaded

Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Sheetaleventcompany
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
lizamodels9
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
amitlee9823
 
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
dlhescort
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
dlhescort
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
dlhescort
 

Recently uploaded (20)

Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceEluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Eluru Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
 
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture concept
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
Falcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in indiaFalcon Invoice Discounting platform in india
Falcon Invoice Discounting platform in india
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
JAYNAGAR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
JAYNAGAR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLJAYNAGAR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
JAYNAGAR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceMalegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Malegaon Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 

The S Corporation - How It All Works!

  • 1. The S Corporation How It All Works! Presented By: Mark Borel, CPA Mark Borel & Associates, Inc.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.