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Last week's episode was all about the importance of the S Corp strategy for businesses making over $50,000 in yearly profit. If you didn't listen to that episode, go back and check out episode 38! That episode explains HOW the S Corp saves you money in taxes.  

This episode is part two.  This episode explains how to make this change if you are ready to save some taxes!  So if you are ready to jump in, this episode is exactly what you need to move forward with this tax strategy. 

In this episode we explain: 

• The steps needed to convert your business to an S Corp
• What forms to file to make the conversion
• What responsibilities and due dates you need to know as an S Corp
• How to determine your salary and your distributions
• What options you have to run payroll and file payroll reports
• When you will file your first business tax return after the switch
• How much it costs for a CPA to set this all up for you if you don't want to DIY

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