Transform Your Business with S-Corporation Tax Strategies

Espresso Tax & Small Business Essentials

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Unlock the secrets to elevating your business's financial health with seasoned CPA, Eric Bonney, in a riveting discussion that could change the way you think about S-Corporations. Ever wondered if the time is ripe for your enterprise to make that strategic S-Election move? This episode serves up a wealth of knowledge, covering the substantial tax benefits and the perfect income threshold that could herald the right moment for your business's transition. As the founder of Harvest Tax and Accounting Services, I draw on over 28 years of experience to guide you through this potentially lucrative decision.
The complexities of an S-Corporation don't escape us in this engaging chat; you'll gain insight into the responsibilities that come with the status, such as reasonable compensation and shareholder eligibility. I'll also navigate you through the essential year-end reporting of health insurance premiums for significant shareholders—a critical move for maintaining compliance and reaping the benefits of your S-Corp status. Whether you're a sole proprietor ready to expand or a partnership eyeing a new tax structure, this episode is tailored to empower you with informed tax considerations that could steer your business towards a more prosperous future. Join us for an indispensable conversation that's less about bean counting and more about bean multiplying!

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