Stop Overpaying Taxes With This Simple S-Corp Strategy
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Stop Overpaying Taxes With This Simple S-Corp Strategy
Here’s how to break down your income in an S-Corporation. Say your business makes $150,000 in sales and $50,000 in expenses, leaving $100,000 in profit. If you ran that through a regular LLC or sole proprietorship, you’d pay about $15,000 in self-employment tax. Instead, with an S-Corp, you split your income: • Part goes to salary ...
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