Grab your copy of the S-Corp Toolkit here: www.claracfo.com/scorp
A lot of business owners and even CPAs will tell you that the best way to save money on taxes is to become an S-Corporation (or to elect being taxed as an S-Corp). But is that really true? We want you to understand what you are getting yourself into with an S-Corp decision.
In this video, Hannah discusses the S-Corp decision making process with fellow CPA and KZfaqr, Jamie Trull.
1:00 Introducing Jamie Trull
2:40 S-Corporations - what's the big deal?
4:46 Easy button for tax savings?
7:00 CPA firm incentive
14:00 Upsides of an S-Corp
16:40 Downsides of an S-Corp
20:00 S-Corp Toolkit
26:30 Reasonable Compensation
Remember that you can grab your toolkit AND a reasonable compensation report through the link www.claracfo.com/scorp
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
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