should a new business elect to be taxed as corp reddit?
2021-01-13 10:27 pm
owning a cleaning company that was recently reregistered with the state should as a s corp or keep it as a disregarded entity? is that answer depended on the gross income? I will be hiring about 2 more employees and i will also be doing the work myself. First year earnings are around 20k.
回答 (2)
2021-02-22 9:00 pm
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2021-01-13 11:55 pm
If all the business makes is 20k, there's no reason to go to the added expense of a S corp. You'll already have to do payroll reports if you have employees, but if you're a S Corp, you will have to put yourself on payroll too. The S corp also has to file a separate income tax return which will add to your accounting costs. You can always choose to be taxed as a S Corp later if the income supports that decision. You should discuss this with your accountant before you make a choice.
收錄日期: 2021-04-24 08:09:27
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