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Resources for Accountants

Qualifying for S Corporation Status [Video]

Qualifying for S Corporation Status

A corporation can elect to be treated as an S corporation by filing Form 2553 with the IRS. But not all corporations meet the requirements to make an S corp election.

To be treated as an S corporation, the corporation must:
(1) be a domestic corporation
(2) not be an ineligible corporation
(3) have only one class of stock
(4) have no more than 100 shareholders
(5) not have any shareholders that are C corporations, partnerships, or certain other entity types
(6) not have any shareholders who are nonresident aliens

0:00 Introduction
0:38 Domestic corporation
1:08 Not an ineligible corporation
1:38 One class of stock
2:48 Max 100 shareholders
4:17 Certain entities can’t be shareholders
5:47 Nonresident aliens can’t be shareholders

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Categories
Resources for Accountants

All about Stock halt- Easy Explaination- Part 1 [Video]

In this video, you will learn about stock halt, its rules, and how it is triggered.#stockhalt #stockmarket #wallstreetmojo #stockexchange #regulatorChapters:00:00 – Introduction00:35 – What is the stock halt?01:29 – Rules02:17 – Triggers of stock halt02:48 – ConclusionWhat is the stock halt?A stock halt is a scenario where the exchange halts trading in a particular stock for some time.It may be done when a regulatory action is imposed, important news is being anticipated, or a particular stock is just being bought or sold excessively.(Explained in detail in the video)RulesWhen a stock is halted for trading, it is coded with an identification number like T1, T2, T5, H10, etc.When the situation arises for halting trading in a particular stock, the exchange announces a halt to all brokers.Triggers of stock haltIf the stock price fluctuates up and down due to high volatility, then the exchange will either halt the trading, or the circuit breakers will be activated.Trading halts have been put into place so that a select group of individuals with significant capital does not manipulate prices to their whims and fancies.This will be all for this video. Subscribe to the channel, like the video, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo

Categories
Resources for Accountants

Accountant or Bookkeeper? Which Role Is Right for You [Video]

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice