What Your CPA Wants You to Know

63. The One For Those Making Over $50K in Profit From a Sole Proprietorship or Partnership: The S Corp Strategy


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The S corp tax strategy. Have you heard of it?  

This episode is a must-listen for those entrepreneurs whose businesses have crossed the threshold of $50,000 in profits after expenses. Get ready to equip yourself with the knowledge needed to determine if your business is a prime candidate for S corp status and understand the critical timeline for filing the forms that lead to significant tax savings.

We explain the additional responsibilities that come with an S-Corp structure, including owner payroll and separate business tax filings. With the March 15th deadline to file Form 2553 looming, we discuss the role of a seasoned CPA who can steer you through the transition seamlessly. 

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What Your CPA Wants You to KnowBy Carson Sands, CPA & Teran Sands, MBA.

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