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Accounting

3 Reasons to Consider an S Corporation

By Accounting, Business, Tax Strategy, Taxes No Comments

The tax code is very complicated with thousands of rules and exceptions.  Because of that, there is no such thing as a one size fits all solution.  That being said, if you are a small business owner or an independent contractor (meaning you get a 1099-MISC) you should look into the benefits of an S Corporation. Benefit One: Payroll Tax Savings Ordinary income (that’s the…

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