Ep55 - 3 Things You Need to Change When Becoming an S-Corp

11/28/23 - 3 Things You Need to Change When Becoming an S-Corp

In this episode, Erica talks through what needs to change in your business once you convert to an S-corp for IRS tax purposes.

Covered in this episode:

• When to start considering an S-corp

• Paying yourself as an employee

• Reasonable compensation

• Accountable plans (i.e. employee reimbursement policies)

• Business tax returns (1120-S)

Related episodes:

• Ep 25 - How to Pay Yourself From Your Business

• Ep 21 - What’s an S-Corp and When Should I Become One?

• Ep 30 - Extending Your Tax Deadline

Book a strategy session with me

Connect with Erica:

• Instagram 

• LinkedIn

• Email List

And, until next time, may your week be filled with love…and profit!

******

FREE TAX GUIDE for COACHES - Get it here!