I do have an eligible entity with an effective date of 06/22/2023.The goal is of course to save of payroll tax earned during the 2023 tax year before starting m...
I am hoping to begin payroll as an S-Corp for next month (August). Prior to that, from Jan-July, my income was earned as a sole proprietor. I spoke with an acco...
Oh, that's what that is; sweet! So the income originally earned as a sole proprietor in a sense can be reclassified as s-corp and not subject to payroll (medica...
A colleague of mine transitioned from sole practioner to llc s-corp mid year and told me that his accountant wasable to recognize all of the year’s income in th...
Thanks Rick. That was my main point of interest.I understand the pros and cons of S-Corp. I sounds like the income is classified to one entity or another and if...
