ilmscore | E-Corp Payroll Tax Savings Predictions
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E-Corp Payroll Tax Savings

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Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
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Converting an LLC to an S-Corp can lead to payroll tax savings by allowing owners to take a portion of their income as a distribution, which is not subject to payroll taxes.
"the whole idea here is when you make a big enough salary you can consider switching from LLC to an e..."
Minority Mindset Minority Mindse...
Sep 27, 2024
Pending
7 Tax Loopholes Only...
By structuring as an S-corp, business owners can pay themselves a salary and take the rest as a profit distribution, potentially reducing payroll taxes.
"you can pay yourself a $50,000 salary... and then you can take out $100,000 as a profit distribution..."
Minority Mindset Minority Mindse...
Sep 27, 2024
Pending
7 Tax Loopholes Only...