As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

C Corporations

For Federal and California tax purposes, a C Corporation is a separate tax entity and files it’s own tax return to report its income and losses. Shareholders in a C Corporation don’t report any of the income of the corporation on their personal tax return. C Corporations also pays federal and state taxes on its income at the federal and state tax rates specially for C Corporations.

C Corporations enjoy the greatest variety of tax-favored fringe benefits of all business entities and our experienced accountants can guide you through those advantages. C Corporation employees can receive tax free employer-provided group life insurance up to a certain amount, health insurance coverage, dependent care assistance, education assistance, adoption assistance and more.

At Tax & Financial Services, our accountants are very experienced in handling the complexity of tax rules, continual changes in tax rules, the variety of tax returns that must be filed for income, employment, and excise taxes and the time it takes to address tax responsibilities.

Our accounting firm works with individuals and businesses all over the Bay Area such as Fremont, Newark, Union City, Hayward, San Jose, Santa Clara, Milpitas, Oakland and San Francisco.

Tax Issues – We can help

When you are a C Corporation, you will need to deal with some complicated tax laws that occasionally traps small business owners. Through detailed tax planning, our accountants help small businesses take advantage of the favorable tax laws as well as keep the businesses compliant.

Some of the issues we help our clients navigate are:

  • Double Taxation,
  • Personal Holding Company Tax,
  • Accumulated Earnings Tax,
  • Corporate Alternative Minimum Tax,
  • Section 351 Transfers
  • Section 1244 Stock
  • Qualified Small Business Stock (QSBS)
  • Leasing Assets to Your Corporation
  • Dissolving the Corporation

Tax Planning and Tax Strategy

C Corporations tax laws provide a variety of ways to lower both – business and personal tax burden, but only if you properly plan around the rules, and execute that plan. We work with a lot of local and foreign individuals that are conducting business as a C Corporation in the Bay Area.

Contact us via email or phone to make an appointment today.

 


Have a question?

Our Palo Alto Tax Accountants and Fremont Tax Accountants offer free initial consultations.

Call 650-600-1829 for the Palo Alto office or 510-200-8290 for the Fremont office and get some answers to your questions today.

Its not office hours? Email us at tax@taxfinancialusa.com before you forget your question.

INCREASE YOUR BUSINESS & REDUCE YOUR STRESS!!

At Tax and Financial Services, we work as allies and partners for your new or existing business. We do the boring bookkeeping and and tax planning throughout the year so that your time can be better spent marketing, networking and improving your product.

CONVENIENT LOCATIONS:

Palo Alto Accounting Firm
TEL: 650-600-1829
530 Lytton Ave, 2nd Floor
Palo Alto, CA 94301

Fremont Accounting Firm
TEL: 510-200-8290
3900 Newpark Mall Dr, 3rd Floor
Newark, CA 94560