click here for more art werner<\/a><\/strong><\/p><\/blockquote>\none major consideration is the type of business entity the client operates. the options include sole proprietorships, partnerships, and corporations. within corporations, there are further distinctions: c corporations or those that have made an s election.<\/p>\n
<\/p>\n
for limited liability entities, clients may choose to have the entity taxed as a partnership, sole proprietorship, or corporation by making the appropriate elections, such as the “check-the-box” election or an s election.<\/p>\n
many of these choices were influenced by the tax cuts and jobs act (tcja). for instance, the reduction in the corporate tax rate from 35% to 21% created a strong incentive for businesses to consider the c corporation structure. additionally, section 199a introduced a 20% deduction for qualified flow-through income, which provided significant tax savings for non-corporate businesses.<\/p>\n
however, section 199a is set to sunset, potentially increasing the tax burden for flow-through businesses. meanwhile, the corporate tax rate reduction to 21% is permanent and would require an act of congress to reverse. this stability in the corporate tax rate might prompt a re-evaluation of whether a c corporation structure is more advantageous for some clients, particularly if section 199a benefits are no longer available.<\/p>\n
as tax professionals, we must start advising clients on whether their current business structure aligns with their long-term tax planning goals. in some cases, transitioning from a flow-through entity to a c corporation may be worth considering for tax efficiency.<\/p>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
tax law adjustments could significantly impact clients’ business structure decisions.<\/strong>
\n
\nquick tax tip
\n<\/strong>with art werner
\n<\/em>cpe today<\/a><\/em><\/p>\n","protected":false},"author":5143,"featured_media":134841,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1362,2734,3002,4184,2764],"tags":[4186,4567,4768,4767],"class_list":["post-134839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-video","category-podcast","category-special","category-tax","category-video","tag-art-werner","tag-quick-tax-tip","tag-tax-cuts-and-jobs-act","tag-tcja"],"acf":[],"yoast_head":"\nart werner: navigating business structure decisions amid tax law changes | quick tax tip - 卡塔尔世界杯常规比赛时间<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n