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...
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In the episode Marcus Mire, CPA is joined by Quinton Autin, CPA to both commiserate and offer solutions to the necessary job of gathering W9s and issuing 1009s for contract labor. It’s got to be done but it doesn’t have to be a headache. Learn the tips and techniques they’ve seen work with their clients.
5 min read
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
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
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...