The Complete Guide To Setting Up Your S-corporation
This article will show you the 5 easy steps you need to set up an S-corporation for your business, and significantly reduce your self employment taxes.
Why You Need To Setup A Holding Company Structure
Entrepreneurs can own multiple businesses in their lifetime. While you could separately own each business, you lose out on potential efficiencies. Learn more about the benefits a Holding Company Structure provides, and why you should consider implementing one.
How To Pay Yourself: S-Corp Salary Or Distributions?
One very confusing concept for new business owners is determining how to pay yourself from your business. This article covers the ideal breakdown between S-corp salary or distributions for business owners.
How The S-corporation Saves You Thousands In Taxes Every Year
CleverProfits’ agency, coaching, and consulting clients. They retain a single layer of tax on all business profits generated while eliminating self-employment taxes for owner-operators.
How To Run Payroll For An S-Corporation In 2022
Failure to file the requisite forms and pay your payroll taxes significantly increases your exposure to an audit by the IRS and your state’s unemployment division which could result in back taxes, penalties, and interest. This is why year-end planning around your compensation is critical.
Optimize Your S-corp Payroll, Save Big on Taxes
One of the most important elements of tax planning for S-corporation owners is to consider the amount of W-2 salary paid to the owner of the business.