The following is a newsletter posting that was originally prepared by one of my tax research firms, written by Cameron Mancell of Wolters-Kluwer:
“Jay Goodis, CEO and co-founder of Tax Templates...
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A Personal Service Business is a structure where a person sets up their own corporation ("PSBco") and then provides services to another corporation.
VOLUME 28 | ISSUE 5
It’s never too early to start planning your year-end tax strategies. For many businesses, the month of October signals that the end of the fiscal year is not far away.
The small business tax rate is available because of what is properly called the "Small Business Deduction".