6 min read
S Corp Salary vs. Distributions: How to Pay Yourself
S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep the hefty 15.3% payroll...
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Founder & Tax Advisor, BBusiness International
Natalia Budyldina is the founder and owner of BBusiness International, where she provides accounting and tax consulting services for small businesses, including bookkeeping, tax preparation, tax resolution, and advisory support. An Enrolled Agent (EA), she helps clients make sense of complex tax issues with a practical, plain-language approach so business owners can make confident decisions and stay focused on growth. She holds an MBA and a master’s degree in Accounting and Finance, and brings 8+ years of public accounting experience across both small CPA and national public accounting firms. In addition to client work, she publishes educational content for entrepreneurs through the BBusiness International, sharing actionable guidance on small-business tax and accounting topics.
6 min read
S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep the hefty 15.3% payroll...
6 min read
For most solopreneurs, understanding your fiscal year is straightforward: the IRS typically requires using a calendar year (January 1 to December 31),...
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Switching to S Corp status is a game-changer for solopreneurs, and here's why: once your business profits surpass $80,000 annually, you're in a prime...
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Self-employed tax brackets work differently than W-2 employees face. You're hit with both federal income tax and a flat 15.3% self-employment tax on most...
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Ask any solopreneur what intimidated them most about self-employment (or has kept them from pursuing self-employment altogether) and the vast majority...
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Good news: you can set up an S Corp in any state, but the real question is whether you should. All 50 states recognize S Corporation status, and the magic...
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S Corp articles of incorporation unlock serious tax savings for solopreneurs, often $8,000 or more per year, by letting you split income into salary and...
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If you're a solopreneur earning $60,000 or more, you could be leaving thousands on the table each year. An S Corp lets you split income into salary and...
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Looking to keep more of what you earn? S Corp status lets solopreneurs split income into salary and distributions, so only your salary faces the 15.3%...
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Getting an EIN is a quick win for solopreneurs. This free, quick process separates your personal and business finances while unlocking tax-saving...
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Plus, How it Could Save You $$$ An S Corp isn't a replacement for your LLC. It's a tax classification you can add on top of it. Pairing the two keeps your...