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88 \\ S Corp Secrets Revealed: The 5 Red Flags You Shouldn't Ignore
Manage episode 407649120 series 3399967
Sisällön tarjoaa Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
In this episode, we debunk the common misconception that electing S Corporation status is always the best move for small businesses. Host, Tiffany Phillips, dives into the pitfalls of blindly following this advice, outlining five key scenarios where choosing an S Corp could actually harm your finances. From tax liabilities on real estate to restrictions on foreign ownership, we explore the nuanced considerations that go into this decision. Plus, we share valuable insights on when electing S Corp status could be beneficial, offering practical advice to optimize your tax strategy. Tune in to avoid costly mistakes and gain clarity on navigating your small business finances effectively.
Next Steps:
💰 Chop Taxes Now! 💰 https://tiffanytrimstaxes.com/
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> tiffany@thetiffanyphillips.com
📲 Follow me on IG @ the.tiffany.p.cpa
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