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6 min read
Lettuce: Nov 14, 2025
S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep the hefty 15.3% payroll...
7 min read
Lettuce: Nov 18, 2025
By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to report business income...
4 min read
Lettuce: Nov 18, 2025
A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their financial health by using one,...
5 min read
Lettuce: Nov 12, 2025
Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple formula reveals if your pricing...
6 min read
Lettuce: Nov 11, 2025
As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your self-employment taxes by thousands...
5 min read
Lettuce: Nov 10, 2025
The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official identity. It's essential...
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5 min read
Lettuce: Nov 9, 2025
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
Lettuce: Nov 8, 2025
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
Lettuce: Nov 8, 2025
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
Lettuce: Nov 8, 2025
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
Lettuce: Nov 5, 2025
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
Lettuce: Nov 5, 2025
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
Lettuce: Nov 5, 2025
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
Lettuce: Nov 4, 2025
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
Lettuce: Nov 4, 2025
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...
