Ep. #40 – Why Xero for Cloud Accounting pt. 2

Picture of Tyler Woerner Tyler Woerner : Feb 16, 2022, 11:26:58 AM

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In this episode Marcus Mire, CPA outlines additional benefits of using Xero Cloud Accounting software. He reviews core features that every business should take advantage of like the payment services and the convenience of the mobile app.

5 min read

Does an S Corp Election Actually Save You Money?

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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...

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How Does Self-Employment Tax Work?

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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...

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LLC Distributions Explained

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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...

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