Skip to the main content.
Get Started
Facebook Instagram Linkedin YouTube

Resources

Have questions? Looking for answers? You can find them here.

Businesswoman on the phone looking out the window and holding an ipad

5 min read

How Do You Calculate Gross Margin? The Fastest Way to Know If You're Profitable

Picture of Lettuce 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...

Man working in a home office

6 min read

How Do I Pay Myself as an S Corp Without Guesswork?

Picture of Lettuce 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...

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

Picture of Lettuce 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...

A man with dark hair wearing a white button-down shirt works on a laptop at an outdoor table overlooking a scenic mountain valley wit green hillsides, scattered buildings, and natural landscape in the background.

5 min read

S Corp Late Filing Penalty: What It Really Costs and How to Dodge It

Picture of Lettuce 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....

A man with short dark hair wearing a brown cardigan and teal shirt talks on a phone while gesturing with one hand, sitting at a wooden desk with a laptop, notebook, glasses, and coffee mug in a bright home office decorated with plants, colorful books on dark teal shelving, and a cozy couch by the window.

8 min read

Sole Proprietorship vs S Corp: What's the Difference?

Picture of Lettuce 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...

man sitting in a sunlit room, he is using a computer

6 min read

What Is a Fiscal Year? The Solopreneur's Guide to Smarter Tax Planning

Picture of Lettuce 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

S Corp Distributions Made Simple for Solopreneurs

Picture of Lettuce 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...

Woman at a desk with her dog

11 min read

S Corp Taxes: The Solopreneur's Guide to Bigger Tax Savings

Picture of Lettuce 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...

S Corp owner with a tablet in hand

5 min read

How to Set Up Payroll: The Step-by-Step Guide for S Corp Solopreneurs

Picture of Lettuce 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...

Woman S Corp owner stands in front of their business

9 min read

What is an S Corp? A Complete Guide

Picture of Lettuce 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

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

Picture of Lettuce 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

Self-Employed Tax Brackets Explained: A Breakdown for Solopreneurs

Picture of Lettuce 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...

A person with short dark hair wearing a cream-colored knit sweater smiles while working on a laptop at a wooden desk in a bright, plant-filled home office with large windows showing greenery outside.

7 min read

How to Calculate Adjusted Gross Income for Freelancers

Picture of Lettuce Lettuce: Nov 18, 2025

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...

Woman in sunny room at her laptop

7 min read

S Corp Dividends Made Simple for Businesses-of-One

Picture of Lettuce Lettuce: Nov 4, 2025

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...

a businessman and businesswoman shaking hand over a counter

5 min read

S Corp Tax Deductions List Made Simple: A Guide for Solopreneurs

Picture of Lettuce Lettuce: Nov 5, 2025

Automating S Corp deduction tracking helps solopreneurs save thousands yearly by catching every eligible write-off and keeping audit-ready records. With...

Prev 1 2 3 4 5 Next

Got a tax question?

Ask LettuceHead

Got a tax question? 

Ask LettuceHead
Group 1000002431-2