S-Corporation Tax Calculator [Spreadsheet]--When & How the S-corp Can SAVE TAXES vs. Sole-Proprietor
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- เผยแพร่เมื่อ 27 พ.ย. 2024
- The S-corporation Tax Savings Calculator, allows you to compare SOLE-PROPRIETOR VS. S-CORPORATION TAXES! Get the spreadsheet template HERE: www.bizschool....
Check out below for time-stamped topics...
Check out PART 1: How To Pay Myself In My Business for more on the basics: • How To Pay Myself In M...
As you learn in this video, saving money with the S-corp is a GREAT strategy, but it's also HUGELY based on the details of your situation - there's a lot more to it than just.. "electing s-corp status"
TOPIC TIMESTAMPS:
S-corp Spreadsheet Calculator [Business tax calculation explained for S-corp vs. Self-employed]: 1:20
Reasonable Compensation: 5:30
Summary of S-corp Taxes: 9:52
Distributions: 11:30
Basis: 11:55
Example 2, 3, & 4: 13:28
Other S-corp Costs: 17:15
Self-employed tax write-offs & an "Accountable Reimbursement Plan": 18:05
-- My PAYROLL Software Recommendation gusto.com/r/Pl... -- {It's the BEST one!!}
ACCOUNTING SOLUTIONS:
1. Need help organizing your accounting & taxes? Get the FREE basic template and training! www.amandaruss...
2. Alternatively, I have a complete accounting and tax solution *Master Your Accounting & Taxes*, which you can learn about here: www.bizschool....
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Great info!! Correct me if im wrong but you are already saving huge amount by paying yourself dividends correct along side paying yourself the reasonable salary.
You are correct. Dividends are not subject to fica or self employment tax
Great video! Thanks for the comprehensive comparison and for showing all the calculations as you run through the different scenarios!
Helpful information! What is a reasonable percentage split between salary and owner distribution from an s-corp and is your s-corp vs self-employed spreasheet available for purchase without purchasing the training course?
it's not a split, that's what I explain in the video.... no, consider the fee for the spreadsheet and the course is free!
Like? No. Love it!
Great Content ....
Hello from Virginia
Hello and warm wishes,
Is there somewhere I can download the spreadsheet?
Yes, thanks for the reminder! www.bizschool.coach/bestbizcourse
Also, always check the drop down description below videos on TH-cam, as a general rule. The link is there, too.
can we download that spreadsheet?
Yes! here: www.bizschool.coach/bestbizcourse
Hello from starlight painting inc.
hello starlight painting!
Hi Amanda, do you do private consultations? I am a dentist independent contractor and have questions regarding how my PLLC should elect to be taxed and solo 401k implications. Thanks!
As I watched I was wondering how tax brackets figure into the advice you would give. As an example if the "business entity" makes $180,000 and the "person" makes $42,000 (a lower tax bracket) can the business pay the "person" x dollars to be taxed at a lower rate?
yes, well that's the purpose of the spreadsheet
Why do you have your likes and subs private
I don't. if you can't see them - blame youtube!
Wow! You’re cute right here