Is it possible you started your business as an LLC, saw some early operating fiscal success, but haven’t taken another look at your company’s structure?
If that’s the case, today’s presenter Angie Finch, C.P.A. – our group’s certified public accountant – can likely save you money.
Angie have a gripping and relevant example of self employment taxes (SSI, Medicare) that would be owed for modest six-figure gross revenues with near-six-figure net incomes – a common fiscal position for small business owner-operators to be in – under both LLC and S-corp company structures.
In her example, for someone grossing $100-150k and netting $70-100k could save around $10,000 annually with an S-Corp structure.
Are you still powering an LLC, but near this level as owner-operator and looking for some tax savings?
Contact Angie of Angie Finch, C.P.A. for painless restructuring help if the above example describes you to possibly save many thousands annually!
For more great talks like this one, join us each week at 7am.