S-Corporation EXPLAINED for BEGINNERS

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Here's the truth about S-Corp Tax Benefits & Advantages

We recently saved our client over $95,000 in taxes by making one small change - helping her switch from an LLC to a S-Corp.

If you are still being taxed let’s say as an LLC instead of a S-Corp, you may be giving uncle sam a bit more money than you have to.

So, if you want to know more about how S-Corps work and all of the S-Corp tax benefits that put money back in your pocket, you are in the right place.

Outline:

Intro: (0:00)
Tax Benefit #1 Employment Tax Savings: (1:31)
Tax Benefit #2 Pass-through Income: (4:56)
Tax Benefit #3 Low Risk of Audit: (5:41)
Tax Benefit #4 Asset Protection: (6:00)
How To Know If S-Corp Status is Right For You: (6:30)
How To Be Taxed as a S-Corp: (7:58)
Recap of Tax Benefits: (8:47)

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Professional, thorough, and very clear! Thank you so much for this video! Incredible job, earned a sub!

CityPlannerPlays
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This channel is the best resource for understanding taxes. Keep up the great work!

Mkleisters
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I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

josephinebardot
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Thank you for speaking slow & clear. S corp it is for me!

stanleyfalaise
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Yo, Bro Thanks you explained that LLC vs S-Corp, when you file, pleasingly thank you

richardwashington
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A really, really good video. Thanks!

bigzzzt
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Thanks for the help I’m a llc currently and my accountant said we should turn into a s corp but didn’t explain I’m definitely going to turn into a s corp

jimmyg
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I love in Texas and I have not seen it heard anything to verify your claim that Texas does not recognize S corp status. On the contrary, I actually know a couple of people here in Texas that have elected S corp status and fully utilize its tax advantages.

kevinumanzor
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Huge thank you for this video! Very helpful. Bummer that I'm in Texas though.

Beyondtherut
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Amazing run through, literally explain a few things 10 other videos didn't. Much appreciated.

DirectorGreen.
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Fantastic. Very well done. Super concise- good explanation Keran.

rtanaka
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Yea i got that and myz is single LLC s Corp like on troiler brands i keep getting the bio report was paying 199 last year and this year to 199 cause i started this LLC on September 11 2023

Glogb_records
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Great job on the video and information that is conveyed, thank you for doing what you do !

freedomhigh
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The best explanation I've heard, a great video!

greg
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Great video you made it very clear out of all the videos that I’ve seen so far great job thank you

johnpeters
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Very professional. Loved it. Thank you so much!!

ivanag
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This is an incredible channel, thank you guys!

ryanzummallen
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Nice video. Laid out very well, concise.

alfdadlfj
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You did an excellent job explaining S-Corps. #whoisaware ❤️✌🏽✊🏽🙏🏽😎

DrWSMX
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I LOVE THIS CHANNEL! Really great content again and again and again!

beccaandrews