Month: November 2020

.Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient. Dividends are still taxable to you to the extent of your corporation’s “earnings and profits”. Plus, this specific … Continue reading “Do You Want To Withdraw Cash From Your Closely Held Corporation At A Low Tax Cost?”