How to Deal With C Corporation Tax
Using a C corporation can actually save you tax if you need to keep money in the business to help it grow, for example if you need money to buy inventory or fund a marketing campaign. This is called income splitting because instead of having all the income taxed in your hands at rates of up to 35% you can keep some in the corporation where it will be taxed at rates as low as 15%.Filed Under Earned Income Tax Credit |
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