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Acronymfinder

What does QPSC stand for?

QPSC stands for Qualified Personal Service Corporation (company designation)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other meanings of QPSC

Other Resources:
We have 3 other definitions for QPSC in our Acronym Attic

Samples in periodicals archive:

A qualified personal service corporation is defined as one where substantially all activities involve the performance of services in the fields of health, law, architecture, engineering, accounting, actuarial science, performing arts or consulting.
448 (a) and (b) require a corporation to use the accrual method in computing taxable' income, unless it is (1) a farming business, (2) a qualified personal service corporation or (3) a corporation with average annual gross receipts for the most recent three-year period of $5 million or less.
In addition, partnerships owned by individuals, S corporations and qualified personal service corporations (such as consultants, engineers, architects, health providers and similar service businesses) are not prohibited from using the cash method, regardless of their size.