Summer Hours: Monday - Thursday 8:00 am - 5:00 pm • Friday 8:00 am – 12:00 p.m.

The benefits of shifting to S corporation status are well known. Shareholders are taxed like partners in a partnership, and there is no corporate-level tax.

Alert:The date for electing S corp status for 2014 is March 15, 2014. After that, the election generally will not take effect until 2015. Special criteria must be met for a post-March 15 election.