3rd EditionDo you own a business? Do you overpay taxes as an independent contractor? Do you want to convert your LLC into an S Corporation? If you have been paying a lot of SE tax, S Corporation status will help you reduce your SE tax.
This book will walk you through everything from
A free online accounting platform.A free online invoicing and receipts platform.A free payroll platform (or one with tax deposit services for $180/year).Finding a reasonable salary for the owner of an S Corp.Steps for creating an employee payroll record and processing your first payroll.Filing of Business Taxes (1120S form).Procedures for obtaining a DBA/Assumed Business Name in Texas.Notice of Series Liability Limitation.Operating Agreement Form.Why pay more for someone else to do something when this book can teach you how to do it yourself?
This book is for independent contractors (1099). This book will assist you in lowering your income taxes. Furthermore, the Tax Cuts and Jobs Act of 2017 provides a 20% deduction from S-Corp profit. The S-Corp status provides you with the following
15.3% self-employment tax savingsProfit from business is deducted at a rate of 20%.S-Corp owners can claim unemployment benefits or apply for PPP loans during the COVID-19 pandemic. Almost all of my clients were approved for PPP loans. Stop Googling! Your time is more valuable than the cost of this book. You will not be sorry if you buy this book. It is your best investment. Why wait?