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 this episode Marcus Mire, CPA talks with attorney Brandon Letulier about the importance of clear operating agreements. Just like a good set of books sets a business up for success, so does a good operating agreement. Take a listen and learn what you can do now to avoid confusion and trouble in the future!
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...