entity structure

The Top 5 Reasons Most Small Businesses Should be Operating as an S Corporation

Small Business

In a separate blog post, I shared 3 reasons why most attorneys are so quick to set up small businesses as Limited Liability Companies, as compared to an S Corporation. I also warned that you face higher taxes and increased audit risk by doing so. Now we’re going to follow up with the Top 5 Reasons […]

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Here’s How to Avoid Self Employment Tax. Legally.

Small Business

The IRS can take a big tax bite out of your small business bank account if you don’t pay attention to “Self Employment tax”. What is it? Self employment tax is how Uncle Sam collects Social Security and Medicare money from those who don’t have an employer deducting it from your paycheck. It’s included as

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