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 Rocky Lalvani, MBA, EA the Profit Answer Man to discuss ways to end "entrepreneurial poverty." Rocky challenges and equips business owners to rethink business profits from a future event to a regular habit in their business and it's never been easier with new banking tools.
Want to connect with Rocky and find his Podcast? Start here
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...