About Franklin P. Sparkman CPA
Tax Preparation, Accountant, CPA
Franklin P. Sparkman has more than 26 years of experience working with clients in the Lancaster area. Attention to detail and dedication to every client is part of what makes our service a notch better than all the rest. Small business owners and large corporations continue to benefit from our wide variety of business accounting services. Bookkeeping, payroll services and business accounting have never been as easy or as efficient as it is when you go with Franklin P. Sparkman.
Tax Preparation Charlotte North Carolina
Accountant Charlotte North Carolina
CPA Charlotte North Carolina
Tax Preparation Lancaster South Carolina
Accountant Lancaster South Carolina
CPA Lancaster South Carolina
More About Us
NC & SC Tax Forms
Find more of our blogs at fpsparkmancpa.blogspot.com
Waxhaw Office 704-315-6700
604 old Providence Rd, Waxhaw, NC 28173
Lancaster Office 803-286-8469
300 N Catawba St, Lancaster, SC 29721
When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. Business owners should follow the advice of a tax professional to make sure financial transactions are controlled and do not cause unanticipated taxation or other negative effects.
For example, a shareholder of a corporation can make a loan to the corporation, and subsequent repayments of principal are not taxable to the shareholder. This may seem straightforward. However, if the loan and repayments are not set up and...
Find the full article at https://fpsparkmancpa.blogspot.com/2018/11/business-ownerstaking-money-out-of.html
Franklin P. Sparkman CPA
Serving The Charlotte Metro Area Since 1992; you can trust the experience and long standing reputation of Franklin P. Sparkman. Click here to learn more about our business.