Quote:
Originally Posted by Sly
I wish mine were $1040... LOL.
Are you doing things as a sole proprietor? It sounds like it. Go meet with an accountant, set up a corporation, and let them deal with this stuff from now on.
Your accountant can get everything set up properly. Put you on salary, even get you health benefits and retirement stuff... go check it out. If you run a business, you need to check it out.
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Every accountant that I've seen has told me that it's not worth it to set up s-corp if you are making under 150k a year. Even if you're making low six figures, they claim that all the paper work etc is not worth saving a few extra thousands a year.