@markjkohler: Self-employment tax is brutal—15.3% of your profit gone before you even pay income tax. The S corp fixes that. You split income between salary and distributions, and only the salary gets hit with tax. The result? Thousands saved every year.
What are your thoughts on the Soroban case? I’ve seen more firms start to give self-employment income to shareholders if they are active in the business even if they are limited partners
2025-11-01 05:20:13
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Tommy Simmons :
The state of TN has a 6.5% excise tax that applies to business income, and distributions do not lower business income here. Any advice on how to save in this case? Business owner with High W-2 income.
2025-10-30 22:49:51
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Emily Elizabeth Floyd :
@BobbyTheContractor
2026-01-05 05:00:53
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