Resources

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

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8 min read

Can You Elect S Corp Status Mid-Year? Your Guide to a Smarter Tax Switch

Lettuce: Dec 16, 2025

Yes, you can elect S Corp status mid-year, and for solopreneurs earning $80,000+, it's a smart move that starts saving you thousands immediately after the...

5 min read

How to Make a Fresh Financial Start: Solo's Guide to New Year Planning

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Kat Boogaard: Nov 14, 2025

While “new year, new finances” probably doesn’t top your list of new year mantras, it’s an undeniably helpful mindset to have as a solo business owner....

5 min read

Solo Summit Recap: Jason Feifer's Advice on How Solos Can Thrive In Change

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Kat Boogaard: Nov 14, 2025

If you’re feeling a little off balance in your solo business, you’re not alone—there’s a lot of change and upheaval right now.

5 min read

Solo Summit Recap: Financial Strategies Every Solopreneur Should Know

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Kat Boogaard: Dec 17, 2025

You know firsthand that running a solo business means wearing every hat—and that includes CFO. Yet, for most solopreneurs, planning and managing their...

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6 min read

S Corp Salary vs. Distributions: How to Pay Yourself

Lettuce: Dec 16, 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...

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7 min read

What Is a Disregarded Entity? The Starting Line for Solo LLCs

Lettuce: Dec 16, 2025

By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to report business income...

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4 min read

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

Lettuce: Dec 16, 2025

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

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5 min read

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

Lettuce: Dec 16, 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?

Lettuce: Dec 16, 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...

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5 min read

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

Lettuce: Dec 16, 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

Lettuce: Dec 16, 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?

Lettuce: Dec 16, 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...

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6 min read

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

Lettuce: Dec 16, 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

Lettuce: Dec 16, 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...

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11 min read

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

Lettuce: Dec 16, 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...

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