OMA Connections Partner, MCM CPAs & Advisors, writes that the Protecting Americans from Tax Hikes (PATH) Act of 2015 made some taxpayer-friendly provisions permanent — including the shortened recognition period for companies that convert from C Corporation to S Corporation status. According to MCM, this change is causing many manufacturers and distributors to re-evaluate their corporate status, and many companies are electing Subchapter S status to gain enhanced flexibility in business decisions and to lower taxes. MCM offers these important issues to consider before you convert.  10/25/2016