Lettuce

The content on this blog is created by the expert team at Lettuce Financial, a company that specializes in automated tax and accounting solutions for solopreneurs.

Our content team includes tax experts, and experienced industry leaders who provide practical guidance based on real-world experience helping thousands of solopreneurs optimize their tax strategies through our automated S-Corp platform.

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Person writing on a table in a sunlit room

5 min read

Disadvantages of Sole Proprietorship: How Much Are You Really Leaving on the Table?

The disadvantages of sole proprietorship hit hardest where it counts: your wallet and your risk exposure. Paying the full 15.3% self-employment tax,...

Close up of hands typing on a computer

4 min read

How to Create a Balance Sheet: Step-by-Step for Freelancers and Creatives

A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their financial health by using one,...

Man standing in a room, holding a document

5 min read

CP-575 Letter: What It Is and How to Never Worry About It Again

The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official identity. It's essential...

7 min read

S Corp Distributions Made Simple for Solopreneurs

Hitting the $60,000 profit mark as a solopreneur unlocks significant tax savings through S Corp distributions, helping you cut down on self-employment...

Woman S Corp owner stands in front of their business

9 min read

What is an S Corp? A Complete Guide

Combining an LLC with an S Corp tax election is a savvy strategy for solopreneurs aiming to maximize tax savings while safeguarding personal assets. Once...

16 min read

How to Start an S Corp: The Solopreneur's Step-by-Step Guide

Converting to an S Corp is more than just a structural change; it's a strategic move that can save solopreneurs thousands annually by reducing...

Woman sat at a table in a cafe

5 min read

What Is a K-1 Form? The Friendly, No-Jargon Explanation

K-1 forms are a key part of managing taxes for solopreneurs running an S Corp or multi-member LLC taxed as an S Corp. Automation makes the process...

3 min read

Lettuce Secures $28 Million in Funding to Power the Future of Solo Work

We have two big Lettuce announcements for you today: We’ve secured $28 million in funding led by existing investor Zeev Ventures, and we’ve acquired the...

The Wedge Newsletter

5 min read

The System That Turned 60-hour Weeks Into 30 Focused Hours

Welcome to The Wedge, a newsletter for solopreneurs who build with structure and purpose. Every newsletter, we study and share how experienced...

Business Insurance for S Corp: Asset Protection & Tax Savings

6 min read

Business Insurance for S Corp: Why It's Not Optional

Business insurance for S Corps covers the risks your LLC and tax election can't—lawsuits, cyberattacks, and disruptions that could drain cash reserves....

How to Change LLC to S Corp and Save on Taxes

5 min read

How to Change LLC to S Corp And Why It's Not Either/Or

Learning how to change LLC to S corp isn't about starting over—it's about layering smarter tax savings onto your existing business. Your LLC keeps...

Benefits of S Corp: The Simple Math That Could Save You $8,000+ a Year

5 min read

Benefits of S Corp: The Simple Math That Could Save You $8,000+ a Year

Benefits of S Corp go beyond tax savings. While reducing self-employment taxes is the main draw, S Corporation status also delivers liability protection,...

2 min read

Are S Corps More Likely to Be Audited by the IRS?

If you're self-employed and considering switching to an S Corporation (S Corp) to save on taxes, you’ve probably heard a common fear: “Won’t that increase...

6 min read

Breaking Down Solo Taxes: Types, Brackets, Fines, and Penalties

When you work for yourself you’re on the hook to calculate and pay your taxes on your own. But unfortunately how much you owe depends on how much you make...

Undoing an S Corp

2 min read

Why an S Corp is Less of a Commitment Than You Might Think

Choosing to become an S Corp can feel like a big leap, especially for freelancers and solo business owners who value flexibility. One of the biggest...

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