$69.99 13 Sections 13 Lessons
Do you know if it’s time for your business to become an S Corporation? Being taxed as an S corporation has many advantages, “tax-favorable characterization of income” is one of them. If you qualify and the numbers make sense, it may be advantageous to consider going with S corporation status. In this class, you'll learn whether your company is ready to become an S corporation and whether you're ready to make the switch.
If the answer is yes to these questions you might want to become an S corporation
The different types of taxes
Your tax obligations
The two types of taxes beauty pros must pay
Are you an employee of your S corporation, and what does that mean?
The difference between an S corporation owner and a self-employed person
How different business entity types are taxed
Should you register your business?
What is an S-corporation?
Why is the S-corporation a good choice for my business?
Three absolutes the IRS expects from S corporations