6 min read
S Corp Salary vs. Distributions: How to Pay Yourself
Reviewed by: Alex Zelaya S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep...
Have questions? Looking for answers? You can find them here.
6 min read
Reviewed by: Alex Zelaya S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep...
7 min read
Reviewed by: Mark Rose By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to...
4 min read
Reviewed by: Natalia Budyldina A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their...
5 min read
Reviewed by: Natalia Budyldina Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple...
6 min read
Reviewed by: Natalia Budyldina As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your...
5 min read
Reviewed by: Ran Harpaz The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official...
6 min read
Reviewed by: Mark Rose For most solopreneurs, understanding your fiscal year is straightforward: the IRS typically requires using a calendar year (January...
7 min read
Reviewed by: Mark Rose Hitting the $60,000 profit mark as a solopreneur unlocks significant tax savings through S Corp distributions, helping you cut down...
5 min read
Reviewed by: Mark Rose Establishing payroll as an S Corp solopreneur isn't just about checking off compliance boxes; it's a savvy strategy that empowers...
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...
3 min read
You run a solo business—but that doesn’t mean you have to go it alone. When it comes to managing your business finances, hiring an accountant can provide...
4 min read
You’re juggling a lot as a solopreneur. You’re marketing your business, growing your network, refining your products and services, and sharpening your...
4 min read
Maybe you’ve heard a few mentions of the tax-saving power of S Corps before. Or perhaps (like many solopreneurs) your eyes immediately glaze over whenever...
5 min read
While some people decide to go the sole proprietorship route indefinitely, there are some major perks involved with establishing a formal business entity...
4 min read
There’s no such thing as a perfect solopreneur—everybody makes mistakes. But while it’s normal to mix things up now and then, financial planning is one...