2 min read
What Exactly is an S Corp? We’ve Got the Answer
Plus, How it Could Save You $$$ Before we dive in, let’s clear something up. When thinking about your business, you don’t have to choose between an LLC...
Have questions? Looking for answers? You can find them here.
2 min read
Plus, How it Could Save You $$$ Before we dive in, let’s clear something up. When thinking about your business, you don’t have to choose between an LLC...
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...
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),...
7 min read
Hitting the $60,000 profit mark as a solopreneur unlocks significant tax savings through S Corp distributions, helping you cut down on self-employment...
11 min read
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...
5 min read
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...
9 min read
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
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...
6 min read
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...
6 min read
Learning how to calculate adjusted gross income is essential for freelancers who want to lower their tax bill and unlock valuable credits. AGI is your...
7 min read
S Corp distributions are a smart way for solopreneurs to save thousands each year by avoiding the 15.3% self-employment tax on part of their income. The...
5 min read
Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping audit-ready records. With...
5 min read
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
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...
5 min read
Welcome to The Wedge, a newsletter for solopreneurs who build with structure and purpose. Every newsletter, we study and share how experienced...
5 min read
Missing an S Corp tax deadline costs you more than just penalty fees; it means losing out on cash flow optimization, reinvestment opportunities, and...