S-Corporation and Possible Tax advantages

 S- Corporation and Tax planning Strategy

If you are self -employed or own an LLC, We would highly recommend considering S-Corp election.

With an S-Corp election, the LLC owner no longer pays Self Employment tax (15.3% at the time of writing this)  Instead the owner manager is required to pay “Reasonable compensation” to the owner manager.

Please watch the following video to figure out the advantage of S-Corp structure and why lot of small business owners take advantage of it

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