Accountant For Freelancers Issues this Warning...

A freelancer scrolling through TikTok sees the same ad for the hundredth time: "Convert to an S-Corp and save $10,000 in taxes—easy!" Preston has seen it too. So has CPA George Azar, who has spent years cleaning up the mess left behind when people make the switch without understanding what it actually involves. In this episode, they break down what the S-Corp election really means, why the self-employment tax is the number that should actually scare you, and what the TikTok ads conveniently leave out—including the salary requirements, the payroll costs, and the moment the math stops working in your favor. Support our show sponsors -> ⁠⁠https://freelancetofounder.com/sponsors⁠⁠ Submit your own question -> ⁠⁠https://freelancetofounder.com/ask⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices