Consultants and Money

55-3 Things You Need to Change When Becoming an S-Corp


Listen Later

In this episode, Erica talks through what needs to change in your business once you convert to an S-corp for IRS tax purposes.

Covered in this episode:

  • When to start considering an S-corp
  • Paying yourself as an employee
  • Reasonable compensation
  • Accountable plans (i.e. employee reimbursement policies)
  • Business tax returns (1120-S)

 

Related episodes:

  • Ep 25 - How to Pay Yourself From Your Business

  • Ep 21 - What’s an S-Corp and When Should I Become One?

  • Ep 30 - Extending Your Tax Deadline

 

Book a strategy session with me

 

Connect with Erica:

Instagram 

LinkedIn

Email List

 

...more
View all episodesView all episodes
Download on the App Store

Consultants and MoneyBy Erica Goode

  • 5
  • 5
  • 5
  • 5
  • 5

5

59 ratings


More shows like Consultants and Money

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

225,909 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

414 Listeners

Pod Save America by Crooked Media

Pod Save America

86,708 Listeners

The Daily by The New York Times

The Daily

110,890 Listeners

Up First from NPR by NPR

Up First from NPR

55,895 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

338 Listeners

Dateline NBC by NBC News

Dateline NBC

47,349 Listeners

Future Firm Accounting Podcast by Ryan Lazanis

Future Firm Accounting Podcast

25 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,266 Listeners

Smart Money Happy Hour with Rachel Cruze and George Kamel by Ramsey Network

Smart Money Happy Hour with Rachel Cruze and George Kamel

3,144 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

54 Listeners