Ep. #26 – 5 Costly Miscategorizations when Doing your Accounting

5 min read

Does an S Corp Election Actually Save You Money?

There is no income threshold that makes an S corp election automatically worth it. The election works by moving part of your profit out of...

4 min read

How Does Self-Employment Tax Work?

Self-employment tax is the same Social Security and Medicare tax that comes out of a W-2 paycheck. As an employee you pay 7.65% and your employer...

4 min read

LLC Distributions Explained

Contributing your own money to an LLC is not taxable income to the business and not a deduction for you. Taking profit distributions out later is...