Glossary S

Safe Harbor 401(k) Plans

salaried employee

Describes a sales tax holiday.

SBA Microloan program

Describes IRS Schedule C Profit or Loss from Business of IRS Form 1040

Describes Schedule D

Schedule K-1 is used to show income/loss for individual partners in a partnership or (different form) individual shareholders in an s corporation. A partnership schedule K-1 shows the partner share of income/loss from a partnership. An S corporation K-1 shows individual shareholder income/loss.

Describes Schedule SE which calculates self-employment taxes

Securities and Exchange Commission (SEC) defined.

Security Interest and Secured Loan

Self-employed Self-employment Defined

Self-employment Tax

SCORE

Service Mark

Severability definition

Shareholder Agreement

Small Business Administration (SBA)

Small Business Development Centers (SBDC) described

Small Business Development Centers (SBDCs)

SBIC - Small Business Investment Company

Describes the Social Security tax for employees and employers, including the annual maximum social security tax.

Sole Proprietorship

Sole Proprietorship

Solvency

The special accounting rule is an IRS safe harbor regulation that allows employers to take the value of noncash benefits paid in the last two months of a calendar year and add them to the next year. This rule makes it easier for employers to calculate costs of benefits at the end of the year.

Definition of legal standing.

Statute of Frauds

Statute of Limitations Definition

Statute Definition

Statutory Damages

Statutory employee

Stock Corporation

Stockholders Shareholders Defined

sub-chapter s corporation

Definition of a subpoena

Subsidiary corporation

Definition of summons

Definition of a super majority for a board of directors

Defines supplemental wages, describes supplemental withholding and shows the current supplemental withholding rate.

Definition of a safe harbor, as it relates to IRS regulations.