If you’re stopping by the office, please consider adding to the collections the NJCPA is making to help fill the coffers of the Community FoodBank of New Jersey. Since 2010, the NJCPA has donated more than 20,000 pounds of food items to the FoodBank. This year our society hopes to top the 2,700 pounds of food and $38,100 of online donations from last year. We are collecting through November 18.
Shareholders Running Afoul of the IRS
Many small businesses are taxed as S corporations because of tax benefits, such as the ability to avoid corporate tax on certain business earnings. Unlike C corporations, S corporations generally do not pay federal income taxes at the corporate level. Alternatively,...
