In this episode of "Not Your Father’s Accountant," Igor Tutelman, CPA, unpacks the fundamentals of S Corporations and how they can benefit small businesses. He covers everything you need to know to make an informed decision on S Corp status, including what an S Corp is, how it’s taxed, and key requirements for qualification.

Igor also shares insights on topics like reasonable compensation and accountable plans to help S Corp owners maximize tax savings. If you’re wondering whether an S Corp election is right for your business or simply want to understand its potential benefits, this episode is for you!