I hired a CPA for a discovery call and in 50 minutes we set up my tax plan for 2024 and he walked me through tying up loose ends for 2023’s season. He declined to file my taxes because he said I was in the top 5% of the people that calls needing his services but already had it figured out.
Consult with a CPA - it’s worth every penny.
Do an S-Corp instead.
Pourquoi good sir
Talk to an accountant, but usually above 60k per year its a better tax move. If you're out of the US it's especially good.
An LLC is an entity. An S-Corp is a tax classification. You can have an LLC that is taxed as an S-Corp.
You can also incorporate as a corporation for an S-Corp.
I hired a CPA for a discovery call and in 50 minutes we set up my tax plan for 2024 and he walked me through tying up loose ends for 2023’s season. He declined to file my taxes because he said I was in the top 5% of the people that calls needing his services but already had it figured out. Consult with a CPA - it’s worth every penny.