One of the popular tax planning strategies of S-corporation owner is to pay himself or herself as little as possible so as to save the payroll taxes (social security and Medicare). For example, if your business income before your salary … Read More
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2016 S-Corp owner’s health insurance, deductible?
Question: Can a S-Corp owner deduct his or her health insurance as business expense? Answer: Yes or No! The answer is YES if you do the following properly: 1. S-Corp pays for the health insurance either by group plan or … Read More
Can S-Corporation save you tax?
If your sole proprietorship business brings you about $100,000, you may want to read this article as you may be able to save $4,000 self-employment tax annually! Sole Proprietorships As you may know Sole proprietorship is not a separate legal … Read More