S CORPORATION The Comprehensive Guide 3nd edition: For Business Owners to Reduce Taxes with S Corp Election
$5.99
Description
Book Synopsis: 3rd Edition
Do 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 benefits:
- 15.3% self-employment tax savings
- Profit 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? Read more
Details
Are you a business owner tired of overpaying taxes as an independent contractor? Say goodbye to high SE tax payments and hello to tax savings with S Corporation status. The Comprehensive Guide 3nd edition is here to help you navigate the process of converting your LLC into an S Corporation. Stop losing money to taxes unnecessarily - learn how to maximize your savings today!
Why spend more on hiring someone else when you can empower yourself with the knowledge provided in this book? Take control of your finances and learn how to manage your taxes efficiently. With step-by-step guidance on setting up payroll, filing business taxes, and understanding the benefits of S-Corp status, this book is a game-changer for independent contractors looking to lower their tax liabilities and increase their profits.
Don't miss out on the 20% deduction from S-Corp profit under the Tax Cuts and Jobs Act of 2017. By becoming an S-Corp owner, you can enjoy significant savings on self-employment tax, deductions on business profits, and even access to financial assistance programs like PPP loans during challenging times such as the current pandemic. Invest in your financial future today and start reaping the benefits of S-Corp status.
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