S Corp in California: Salary, Distributions, and the Real Math Behind the Savings
An S Corp in California can save solopreneurs thousands annually once profits consistently hit the right threshold. By splitting income into salary...
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Lettuce helps fractional HR leaders set up and manage their S Corp — reducing taxes, unlocking access to better healthcare, and automating the financial side of your fractional business so you can focus on the work you do best. If you’re making $100K or more, you could be overpaying up to $10,000 in taxes. See what you can save with our tax calculator.
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Whether you have an LLC or file as a Sole Proprietor, your self-employment taxes–which covers things like Social Security and Medicare–are twice what they would be as a W2 employee.
For too long, solos and fractionals have had to overpay or settle for limited healthcare options. With Lettuce Pro, you already unlock major tax savings through your S Corp. Now, you can also access group-rate healthcare designed for businesses of one.
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By collecting profits as the Owner of your S Corp, you save thousands on self-employment taxes every year.
*Your actual tax liability depends on more factors (like spouse income or capital gains)
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You are a business-of-one in the US.
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You are committed to working for yourself.
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You make at least $60,000 a year.
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