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
:
Jun 1, 2021, 1:05:10 PM
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This week concludes a 3 part series of Marcus Mire, CPA taking us through the three stages of the Total Control Accounting system. This episode includes a discussion about what the final stage of gaining control in your business looks like, and a recap of the steps to get there.
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...