The top two benefits of forming a S-corporation over sole-proprietorship are as follows: Set aside your investment into a separate legal entity to limit your liability Saving employment taxes (it could be widely named as self-employment tax, social security, medicare, … Read More
compensation
S-Corp owner’s compensation
One of the popular tax planning strategies of S-corporation owner is to pay himself or herself as little as possible so as to save the payroll taxes (social security and Medicare). For example, if your business income before your salary … Read More