Should You Be An S Corporation?
Jason M. Blumer, CPA
![Jason M. Blumer, CPA]()
Jason M. Blumer, CPA
CPA leading a firm for creative consultancies, firms, agencies, service providers, and an expert at team scaling, team structuring, and restructuring.
Your accounting professional should be talking to you about becoming an S Corporation, and whether it can save you money on taxes. We've been doing this for many years, and it is a great strategy to save our clients a lot of money on taxes. Depending on how profitable you are, the savings could be significant.
Here is a video I made showing you how the tax savings works:
To become an S Corporation as of the first of this year, you had to have applied for S corporation status by March 15th of this year.
But if you contact us soon, we may be able to apply special IRS procedures to back date a late S election back to the beginning of this year. You can fill out our New Client Form and we'll see if we can help you.
CPA leading a firm for creative consultancies, firms, agencies, service providers, and an expert at team scaling, team structuring, and restructuring.
8 年Thanks Blake Oliver!
Host of The Accounting Podcast, The Most Popular Podcast for Accountants | Creator of Earmark Where Accountants Earn Free CPE Anytime, Anywhere
8 年Thanks for this explanation, Jason! I just forwarded it to a friend who was asking me whether or not it's worth setting up an S corp for his wife, who works as a studio musician.