Tax Issues

Your New LLC – Part 3: Federal, State and Local Registration, Licensing and Permitting

“Your New LLC” – Part 3: Federal, State and Local Registration, Licensing and Permitting Starting a new business comes with a lot of financial decisions and obligations. However, as mentioned in previous articles, there are also many legal considerations that need to be addressed at the outset of the business. It seems clear that most… Read more »

Your New LLC – Part 1: The Basics

“Your New LLC” – Part 1: The Basics As an attorney who helps businesses of all sorts, and being with a Firm which has business law clients throughout South Carolina and North Carolina (as well as in a few other states), I frequently find myself providing consultations and ongoing advice regarding forming a new business… Read more »

Kelly Brown Earns LL.M. in Tax Law

McGrath & Spielberger, PLLC is happy to announce that attorney Kelly J. Brown has earned her LL.M in Tax Law.   Attorney Kelly J. Brown has earned her LL.M. (Master of Laws) in Taxation from Boston University School of Law. Kelly is licensed in both North Carolina and South Carolina. Her practice focuses on real… Read more »

Tax Rates on Ordinary Income for Businesses

Tax Rates on Ordinary Income for Businesses When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the business official and legal.  There are many ways… Read more »

Employment Tax Considerations in Starting a Business

Employment Tax Considerations in Starting a Business When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the business official and legal.  There are many ways… Read more »

Tax Consequences of Distributions in a Business

Tax Consequences of Distributions in a Business When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the business official and legal.  There are many ways… Read more »

Basis Limitations and the Deductibility of Losses for a Business under the Internal Revenue Code

Basis Limitations and the Deductibility of Losses for a Business under the Internal Revenue Code When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the… Read more »

The Tax Implications of Allocations of Income or Loss Items in a Business

The Tax Implications of Allocations of Income or Loss Items in a Business When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the business official… Read more »

Taxation of Business Income and Loss

Taxation of Business Income and Loss When you decide to start a business venture, there are a myriad of things to consider.  We regularly assist small business owners, especially start-up businesses, walking them through the steps that need to be taken in order to make the business official and legal.  There are many ways a… Read more »

Comparison of Subchapter K v. Subchapter S

Comparison of Subchapter K v. Subchapter S Both Subchapter K and S of the Internal Revenue Code (IRC) are pass-through tax structures in which the members of the entity are taxed for the entity’s income, gains, losses, and expenses on their individual tax returns.  That is where the similarities end.  There are several differences discussed below… Read more »