LLC vs S Corp: Which One Saves You More on Taxes?
9 times out of 10, an S Corp is the smarter move than an LLC — and here’s why: it can save you thousands in payroll taxes.
When you run your business as an S Corp, you get paid in two ways:
✅ A W-2 salary (which is subject to payroll tax)
✅ Profit distributions (which are not subject to payroll tax)
So let’s say your business nets $100,000 after paying yourself a salary — that $100K isn’t hit with the 15% self-employment tax. That’s roughly $15,000 in tax savings simply by structuring your business the right way.
Work smarter, not harder. 💼
If you want to see whether an S Corp makes sense for your business, reach out and we’ll help you set it up the right way.
#taxstrategy #soleproprietor #soleproprietorship #LLC #scorp #businessownertips #taxsavings #taxplanning #entrepreneurtips #smallbusinessfinance #taxadvisor #selfemployedlife #payrolltaxes #taxdeductions
Видео LLC vs S Corp: Which One Saves You More on Taxes? канала Harrison Greenberg - Tax Advisor
When you run your business as an S Corp, you get paid in two ways:
✅ A W-2 salary (which is subject to payroll tax)
✅ Profit distributions (which are not subject to payroll tax)
So let’s say your business nets $100,000 after paying yourself a salary — that $100K isn’t hit with the 15% self-employment tax. That’s roughly $15,000 in tax savings simply by structuring your business the right way.
Work smarter, not harder. 💼
If you want to see whether an S Corp makes sense for your business, reach out and we’ll help you set it up the right way.
#taxstrategy #soleproprietor #soleproprietorship #LLC #scorp #businessownertips #taxsavings #taxplanning #entrepreneurtips #smallbusinessfinance #taxadvisor #selfemployedlife #payrolltaxes #taxdeductions
Видео LLC vs S Corp: Which One Saves You More on Taxes? канала Harrison Greenberg - Tax Advisor
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