C Corporation is a group of individuals granted a charter, legally recognizing them as a separate entity with rights and liabilities distinct from those of its members. C corporation is liable for any debts incurred rather than the individuals. The taxes are split between corporate and shareholders at different rates.
When preparing or updating your estate plan, you will need to have a basic understanding of the different types of taxes that can affect your estate - gift taxes, estate taxes, inheritance taxes, generation skipping transfer (or GST) taxes, and income taxes.
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The deadline for filing tax returns is fast approaching. In order to maximize the amount of money you get back from the government, you need to understand how various types of taxes and deductions work. This infographic by Paycor could give you a better idea how payroll taxes and deductions work:
Ready for your 2013 IRA Contributions? Last year, the Internal Revenue Service made many changes that effect your maximum contribution limits for all types of retirement accounts, including Roth IRAs, Traditional retirement accounts, SEP accounts, and 2013 Simple IRAs. Stay up to date on all the rules and deadlines with this super handy and attractive [...]