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...
Tyler Woerner
:
Feb 22, 2023, 9:40:31 AM
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In this episode Marcus Mire, CPA and Quinton Autin, CPA talk through all the ways in which they help their clients do better business. And how often times, it’s more than the actual accounting. Listen and learn ways your business could benefit from a perspective of accounting that goes beyond just debits and credits.
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...