If you're netting over ~$80k as a sole prop, electing S-Corp can save real self-employment tax. The catch is reasonable comp + payroll overhead. Rule of thumb below 👇
77View0Comments
A place for tax pros and business owners to share knowledge, ask questions, and learn from each other.
If you're netting over ~$80k as a sole prop, electing S-Corp can save real self-employment tax. The catch is reasonable comp + payroll overhead. Rule of thumb below 👇