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How Business Owners Can
SAVE THOUSANDS ON TAXES
Did you know you could significantly reduce your taxes by electing to become an S-Corporation?
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An S-Corporation is a business structure that passes income, losses, deductions, and credits through to its shareholders for federal and state tax purposes.
With an S-Corporation, you can lower your tax liability, take advantage of special tax credits only available to S-Corporations, and expand opportunities for raising capital. ​​
​Being Taxed as an S-Corporation versus an LLC: Example
​If your LLC has net income of $150,000 and you’re taxed as an LLC, you will pay nearly $23,000 in self-employment tax.
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However, if you elect to be taxed as an S-Corporation and take a $100,000 salary with the remaining $50,000 being a distribution to you or you keep it in the business, your self-employment tax is reduced to $15,300, saving you $7,700 in self-employment taxes.
Deciding to form an S-Corporation requires careful consideration. Business owners contemplating converting to an S-Corporation must consider the tedious aspects of maintaining S-Corporation status.
​Subscribe above, and we’ll give you the following resources so you can make a confident decision to become an S-Corporation Business Owner.
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White Paper: What to Expect When Owning an S-Corporation
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How to Pay Yourself as an S-Corporation Business Owner
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S-Corporation Tax Savings Calculator
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Give us a call to discuss your options. We can help you navigate the requirements to form and maintain an S-Corporation.
Call to Schedule Your Complementary Consultation (559) 472-7370