LLC VS S CORP TAX ADVANTAGES EXPLAINED

👋 ✅ Discover the real tax advantages in the LLC vs S Corp debate with a focus on Los Angeles tax services. If you own a business in California, knowing when to set up an LLC or elect S-Corp status could help you protect your assets and legally reduce your self-employment tax liability. This video breaks down the major differences between a sole proprietorship, an LLC, and an S-Corp, showing how choosing the right structure can help grow your business and keep more of your profits.

Learn why keeping your personal and business finances separate matters, how a business bank account improves your expense tracking, and why proper accounting leads to better tax deductions. We cover why an LLC shields you from personal liability, but still requires you to pay the full 15.2% self-employment tax, and how filing as an S-Corp with payroll can potentially save you thousands in taxes each year.

Payroll is not optional for S-Corps, and setting it up right protects you from IRS audits and penalties. Many tax saving strategies are only available if your paperwork and structure are correct from the start. We discuss proven tactics for reducing your tax bill, from paying yourself a reasonable salary to recognizing the traps that trigger audits.

Ready to optimize your structure and save on taxes? For more on LLC vs S Corp tax and ownership considerations, explore LLC vs S-Corp entity structuring options 👉 Herbert Financial https://herbert-financial.com/llcs-vs-s-corps-tax-planning-advantages-explained/
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Business owners in California rely on Herbert Financial’s team of CPAs, enrolled agents, and advisors to uncover lesser-known deductions, protect their assets, and develop a tax plan tailored to each stage of growth. Book a free consultation to start building wealth the right way and stay out of the IRS’s crosshairs.

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Видео LLC VS S CORP TAX ADVANTAGES EXPLAINED канала Herbert Financial Group