S Corp Tax Savings


If you own an LLC, you're probably paying too much tax!

In this video, I'll be teaching you about S corporations ("S corps") and specifically, S corps benefits. We'll discuss things like:

-- LLC vs S corp taxes
-- how to reduce self employment tax ("SE tax")
-- S corp distributions
-- how to increase cash flow using S corps

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ProPublica Shines Light on S Corporations

The latest ProPublica tax article published on 19 Aug.  It focused on S Corporation owners, particularly ultrawealthy individuals who benefitted from the S Corp tax status to an outsized degree.  

S Corps allow their owners to declare a portion of their earnings as profit instead of salary, thus avoiding the 15.3% self-employment tax.  As the article highlights, for ultrawealthy individuals, this can result in enormous tax savings.  

What are your thoughts on S Corps and pass-through income?  Leave us a comment below! 

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