Small Business Financial ManagementFebruary 15, 2025

How an S Corp Saves Taxes: A Simple Example for Self-Employed Beginners

If you’re self-employed and considering forming an LLC taxed as an S Corp, you’ve probably heard it can save you money on taxes. But how exactly does it work? Let’s break it down with a real-life example—no jargon, just clear numbers—so you can see how business expenses, salaries, and distributions affect your bottom line. Meet Alex: A...

Local Business ResourcesJanuary 8, 2025

How to Calculate Self-Employment Tax in Seattle,WA: A Step-by-Step Guide

Self-employment can be rewarding, offering freedom and flexibility. However, it also comes with added responsibilities, including calculating and paying self-employment tax. This tax can be confusing, especially for new entrepreneurs. In this guide, we’ll walk you through how to calculate your self-employment tax accurately so you can stay compliant and avoid surprises at tax time....