Ultimate Guide to IRS Form 2553: Small Business Corporation Election & Corp Elections Instructions

If the election is made, the subsidiary’s assets, liabilities, and items of income, deduction, and credit generally are treated as those of the parent. For details, see Form 8869, Qualified Subchapter S Subsidiary Election. In most cases, you need the consent of all shareholders who own stock in the corporation on the day the election … Read more

Cracking Compensation Plans: Salary vs Commission Models

Adjust based on these observations, organizational goals, marketplace, and economic shifts. Give your RevOps, finance, and sales teams transparency into sales compensation. Read the ungated report to learn the most commonly implemented SPIFs and accelerators in 2024 and the average commission rate increase for multi-year contracts. In fact, companies that focus on employee motivation and … Read more

25 Easy Ways to Get Started with Sustainable Living

Install efficiency-enhancing fixtures, aerate your faucets, install a low-flow showerhead, get a low-flow toilet, and use energy-efficient dishwasher and washing machine to save water around the home. Ditch taxis and rentals for local public transportation to move around when you’re in a foreign city. This will decrease your carbon footprint considerably. If you love traveling … Read more