Which entity type makes the most sense

Assignment Help Accounting Basics
Reference no: EM132150855

Question: With the passage of the 2018 Tax Cuts and Jobs Act, there are many new questions involving the choice of entity for companies. Should they be a C-corp, S-Corp, Partnership? Please take some time and research the new rules and give three different situations (ie. company has 50k in profit, Owner is married, the owner is not married, Company made 500k in profit, etc.) and use the new tax codes to recommend which entity type makes the most sense. Act as if you are writing a short tax brief for the partner of the firm to review and give a recommendation to the client.

Reference no: EM132150855

Questions Cloud

Identified viable marketing opportunity : Your client has identified a viable marketing opportunity and has asked you to identify
What are the employer obligations under the FMLA : What are an employee’s obligations when attempting to take leave under the FMLA? What are the employer’s obligations under the FMLA?
How would you document your decision : You have noticed that the A/R clerk has created an abnormally high number of credit memos. You also notice the inventory does not reflect the additional.
Customer-centric revenue optimization strategy : Do you believe the plan is consistent with the development of a customer-centric revenue optimization strategy?
Which entity type makes the most sense : With the passage of the 2018 Tax Cuts and Jobs Act, there are many new questions involving the choice of entity for companies. Should they be a C-corp, S-Corp.
When might this not be appropriate : When might this not be appropriate? Do you feel that there are any security issues from allowing this to occur? Why or why not?
Define leadership and management : Define leadership and management. Discuss some the leadership theories i.e Contingency Theory, Path goal theory,
Determination of heat capacity ratio : Discuss why the initial expansion process can be considered adiabatic - Determination of Heat Capacity ratio - Give possible reasons for any difference
What are the dangers of creeping commercialism : Is independence impaired when an auditor is hired, paid, and fired by the same corporate managers whose activities are the subject of the audit?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd