The Scorporation Tax Savings Calculator, allows you to compare SOLEPROPRIETOR VS. SCORPORATION TAXES! Get the spreadsheet template HERE: https://www.bizschool.coach/bestbizco...

Check out below for timestamped topics...

Check out PART 1: How To Pay Myself In My Business for more on the basics:    • How To Pay Myself In My Business (LLC...  

As you learn in this video, saving money with the Scorp is a GREAT strategy, but it's also HUGELY based on the details of your situation there's a lot more to it than just.. "electing scorp status"

TOPIC TIMESTAMPS:
Scorp Spreadsheet Calculator [Business tax calculation explained for Scorp vs. Selfemployed]: 1:20
Reasonable Compensation: 5:30
Summary of Scorp Taxes: 9:52
Distributions: 11:30
Basis: 11:55
Example 2, 3, & 4: 13:28
Other Scorp Costs: 17:15
Selfemployed tax writeoffs & an "Accountable Reimbursement Plan": 18:05

My PAYROLL Software Recommendation https://gusto.com/r/PloJd/?utm_source... {It's the BEST one!!}

ACCOUNTING SOLUTIONS:

1. Need help organizing your accounting & taxes? Get the FREE basic template and training! https://www.amandarussell.mba/gettheb...

2. Alternatively, I have a complete accounting and tax solution *Master Your Accounting & Taxes*, which you can learn about here: https://www.bizschool.coach/18stepcourse


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