In this video I discuss the top 5 mistakes I see related to S Corporations. They are as follows:

1. Not using an Accountable Plan
2. Not paying reasonable compensation and paying payroll taxes for S Corp officers.
3. Not integrating S Corp Officer Health Insurance Premiums & HSA contributions in reasonable compensation.
4. Not completing Schedules L, M1 and M2.
5. Not keeping track of basis.

Useful Links:

Website: https://navimarajcpa.com/

Enroll In My Course Small Business Taxes: From Knowing Nothing to Savings Thousands: https://navimarajcpa.com/learn/

Setup your LLC or Corporation for FREE:
FileYourBusiness.com: https://www.fileyourbusiness.com/
Inc Authority: http://bit.ly/incauthoritycoupon
IncFile: http://bit.ly/incfilecoupon
ZenBusiness: http://bit.ly/zenbusinesscoupon

If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment.

Website: https://www.navimarajcpa.com
Email: [email protected]
Instagram:   / navimarajcpa  
LinkedIn:   / navimarajcpa  
Twitter:   / navimarajcpa  
Facebook:   / navimarajcpapllc107003020774608  

My Video & Audio Gear List

Sony ZV1: https://amzn.to/3i7SYcm
SanDisk 128GB Extreme PRO SDXC: https://amzn.to/3c6fvm6
SanDisk 256GB Extreme PRO SDXC: https://amzn.to/3wORFTs
Elgato Cam Link 4k: https://amzn.to/3p8EKJq
Amazon Basics Flexible and Durable Micro HDMI to HDMI Cable: https://amzn.to/3yP4dfF
Anker 4Port USB 3.0 Hub: https://amzn.to/3yTjKev
Rode VideoMicro Compact OnCamera Microphone with Rycote Lyre Shock Mount: https://amzn.to/2Tn0iX0
Gonine DKX1 DC Coupler ACLS5 AC Power Adapter Kit Replacement for NPBX1 Dummy Battery: https://amzn.to/3vEbZHf
SMALLRIG Cool Ballhead Arm Super Clamp: https://amzn.to/2R99jCt
SMALLRIG Camera Cage for Sony ZV1 Camera: https://amzn.to/3uASs9m
Camtasia screen capture and video editing software: https://www.techsmith.com/videoedito...

This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.

© Navi Maraj CPA PLLC. All rights reserved.

#scorp #taxes #healthinsurance #hsa