6 min read
What Is the 2% Rule for S Corp? Unlocking Tax Benefits for Solo Owners
The 2% rule for S Corp owners unlocks powerful tax advantages most solopreneurs miss. As a more-than-2% shareholder, you can turn health insurance...
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.
6 min read
The 2% rule for S Corp owners unlocks powerful tax advantages most solopreneurs miss. As a more-than-2% shareholder, you can turn health insurance...
5 min read
Reviewed by: Natalia Budyldina True profitability comes from knowing exactly what you keep after every expense and tax, not just watching revenue or your...
6 min read
Combining S Corp status with optimized vehicle deductions can put thousands back in a solopreneur’s pocket, proving that strategic planning is what truly...
6 min read
Reviewed by: Ran Harpaz What is equity in business? It's everything your business owns minus what it owes. Understanding equity helps you make smarter...
8 min read
Yes, you can elect S Corp status mid-year, and for solopreneurs earning $80,000+, it's a smart move that starts saving you thousands immediately after the...
7 min read
Reviewed by: Mark Rose By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to...
5 min read
Reviewed by: Natalia Budyldina Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple...
6 min read
Reviewed by: Natalia Budyldina As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your...
5 min read
Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...
8 min read
Reviewed by: Mark Rose Sole proprietorship vs S Corp comes down to one thing: keeping more of what you earn. As a sole proprietor, you pay self-employment...
5 min read
Reviewed by: Mark Rose Establishing payroll as an S Corp solopreneur isn't just about checking off compliance boxes; it's a savvy strategy that empowers...
5 min read
Reviewed by: Mark Rose Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping...
5 min read
Reviewed by: Mark Rose Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment...
8 min read
Reviewed by: Natalia Budyldina S Corp fees by state range from $50 to over $800 annually, but once your business income hits $80,000, the tax savings...
5 min read
Reviewed by: Mark Rose Most solopreneurs running S Corps miss powerful fringe benefit strategies that could save thousands each year. Health insurance...