What the heck is an S - Corp?

from Build to Enough · host Keila Hill-Trawick

If you’re a small business owner, you’ve might have heard the phrase, ‘S Corp’ being tossed around every now and then. Once you heard the phrase, which stands for Subchapter S Corporation, you then probably wondered what it means, how it could benefit your business, and if you’d even qualify for the tax designation. There are a lot of misconceptions surrounding S Corps, so in this episode we’re here to dispel any rumors and clear any confusion by diving into: How to weigh the pros and cons of the status. What to do if you’re interested in becoming an S Corp How an S Corp status will affect your taxes at the end of the year. I’m really looking forward to helping you unpack S Corp status and decide if it’s right for you and your business, so after you listen to this week’s podcast, let me know what you think! Need more? Our team has put together a free resource library to save you valuable time and energy in your business! Ready to get started with Quickbooks? Use our referral link. If you're ready to outsource your Accounting and/or Tax prep needs go to www.littlefishaccounting.comFind us online:Instagram:www.instagram.com/littlefishaccountingFacebook: www.facebook.com/littlefishacctgConnect with Keila!LinkedInwww.krht.co

Episode metadata supplied by the publisher feed · Published Mar 3, 2020

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If you’re a small business owner, you’ve might have heard the phrase, ‘S Corp’ being tossed around every now and then. Once you heard the phrase, which stands for Subchapter S Corporation, you then probably wondered what it means, how it could benefit your business, and if you’d even qualify for the tax designation. There are a lot of misconceptions surrounding S Corps, so in this episode we’re here to dispel any rumors and clear any confusion by diving into: * How to weigh the pros and cons of the status. * What to do if you’re interested in becoming an S Corp * How an S Corp status will affect your taxes at the end of the year. I’m really looking forward to helping you unpack S Corp status and decide if it’s right for you and your business, so after you listen to this week’s podcast, let me know what you think! Find us online: Website: www.littlefishaccounting.com Instagram: www.instagram.com/littlefishaccounting Facebook: www.facebook.com/littlefishacctg Subscribe to our newsletter! Biweekly tips, guidance and resources. www.littlefishaccounting.com/subscribe We'd love to hear from you! Email us at [email protected]