234 \\ Why 82% of Small Business Owners Are Overpaying Taxes (And How to Stop Being One of Them)
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234 \\ Why 82% of Small Business Owners Are Overpaying Taxes (And How to Stop Being One of Them)
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Are you throwing away $30,000 in taxes every year? You might be if your business has the wrong structure! In this eye-opening episode, I reveal how I saved a client exactly that amount by switching them from an LLC to an S Corporation.
But wait - this strategy isn't right for everyone!
I'll break down:
- The big differences between LLCs and S Corps
- How each affects your tax bill
- When the S Corp starts saving you money (hint: it's around $60,000 in profit)
- What "reasonable salary" means and why the IRS cares
- The 5 questions to know if you should switch
Plus, I share real stories of business owners who saved thousands - and one who got caught by the IRS and paid dearly!
Don't miss this episode that could be the most profitable 30 minutes you spend all year. Your future self (and bank account) will thank you!
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa