5 min read
S Corp Late Filing Penalty: What It Really Costs and How to Dodge It
Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo owners nearly $3,000....
Enrolled Agent (EA) & Founder, Tax and Advisory Firm
Alex Zelaya is an Enrolled Agent (EA) and tax professional based in New York, focused on helping individuals and small businesses navigate tax planning and compliance with clarity and confidence. After working at national CPA firms, he now runs his own tax and advisory practice, emphasizing long-term client relationships and a straightforward, practical approach to the tax process. He earned a B.S. in Accounting from St. John’s University (Queens, NY) and holds the Enrolled Agent credential. His services include tax preparation and planning as well as support such as bookkeeping, payroll, and corporate taxes.
5 min read
Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo owners nearly $3,000....
8 min read
Sole proprietorship vs S Corp comes down to one thing: keeping more of what you earn. As a sole proprietor, you pay self-employment tax on every dollar of...
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Establishing payroll as an S Corp solopreneur isn't just about checking off compliance boxes; it's a savvy strategy that empowers you to save thousands by...
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Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping audit-ready records. With...
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Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment opportunities, and...
8 min read
S Corp fees by state range from $50 to over $800 annually, but once your business income hits $80,000, the tax savings usually outweigh these costs....
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Most solopreneurs running S Corps miss powerful fringe benefit strategies that could save thousands each year. Health insurance premiums, retirement...
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Filing Form 2553 is your gateway to S Corp status and serious tax savings, but it doesn't have to mean endless paperwork and IRS phone calls. This...
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Learning how to open a business bank account protects your personal assets and simplifies your finances. A dedicated account maintains legal separation...
9 min read
Key Takeaways: Business name registration unlocks professional credibility, opens the door to more tax deductions through advanced entity structures, and...