Category: LLCs

Quickly Discover How Incorporating an LLC Can Save Money on Taxes (Using an S Corporation Tax Calculator)

s corporation tax calculator

Entrepreneurs can avoid double taxation and lower their tax rates through incorporation, especially by forming an S Corporation from their existing LLC or C Corporation. Many LLC members pay a self-employment tax that can be reduced to a lower payroll tax by forming an S Corporation and allocating a small portion of profits for personal salaries, according to Wayne Davies […]