How does the S-corp save you Business Taxes? What is the S-corporation? {SIMPLIFIED}

Learn what the S-corporation is and how it can save you taxes in your business! This video super simplifies everything about these basics.
If you want to learn more about setting up the s-corp correctly and to save taxes, join us for the FREE training, "#6 Common Mistakes That Business Owners Make With The S-corporation": www.amandarussell.mba/scorpmi...
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Пікірлер: 14

  • @eliop23
    @eliop237 ай бұрын

    Thank you so much for this information. Can you also do a video on C corp?

  • @businessfinancecoach

    @businessfinancecoach

    7 ай бұрын

    What about it?

  • @Howttwo
    @Howttwo7 ай бұрын

    Thank you for this video!

  • @Trek_West
    @Trek_West5 ай бұрын

    I saw your videos on turbo tax home and businesses. Do you know if turbo tax home and business allows you to report capital gains tax? Eveything I have searched I can not find the answer.

  • @businessfinancecoach

    @businessfinancecoach

    5 ай бұрын

    yes it does. it's the highest personal version and includes everything

  • @HERRERACARRIERSINC
    @HERRERACARRIERSINC7 ай бұрын

    Thanks for sharing. is this true... The irs requires employees to report all tips received ? But won't allow organizations to report tips given to these employees as a type of expense or loss ?

  • @businessfinancecoach

    @businessfinancecoach

    5 ай бұрын

    Tips aren't deductible by the employer because they aren't an expense to the employer. What does an employees tips cost you as an employer? Nothing. They are paid by the customer. The employer does deduct their half of Social Security and Medicare tax that they need to pay on the employees tips.

  • @FidgetyGuy
    @FidgetyGuy6 ай бұрын

    FYI - I signed up to download the Estimated Tax Calculator, but did not receive any email.

  • @businessfinancecoach

    @businessfinancecoach

    5 ай бұрын

    Check your spam.

  • @FidgetyGuy

    @FidgetyGuy

    5 ай бұрын

    @@businessfinancecoach I did check and there was nothing there. I'm a website developer. Pretty sure that your email form on website is not working. That means that you're losing business.

  • @newmhelemish
    @newmhelemish7 ай бұрын

    What about LLC and S Corp at the same time?

  • @businessfinancecoach

    @businessfinancecoach

    7 ай бұрын

    You would have to have an LLC or other legal entity in order to elect s-corp tax status. This is covered in more details in the workshop I mentioned www.amandarussell.mba/scorpmistakes

  • @alfagrobd
    @alfagrobd7 ай бұрын

    Hello Mem. I have seen your youtube channel very nice. Videos are not getting good views compared to your channel's subscribers. There is something wrong with your channel. Fixing these issues will hopefully help your videos rank better I am a professional digital marketer and SEO expert if you want I can solve your problem.I am wating for your reply.

  • @businessfinancecoach

    @businessfinancecoach

    5 ай бұрын

    I'm not doing anything wrong. I'm just not making many videos anymore and KZread doesn't like that.