Business Owners: Should I incorporate? Should I keep my S corporation with the recent tax changes? - Palma Financial
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Tax Strategies To Implement

Business Owners: Should I incorporate? Should I keep my S corporation with the recent tax changes?

Date: December 7, 2022
Time: 10 a.m PST / 1 p.m EST
Presenter: Miguel A. Palma, CPA, PFS, CGMA
& Tax Advisor

So you’re thinking of incorporating your business, but are unsure if this is the best move. With recent changes to the tax code, it’s hard to know if it’s better to keep your S corporation or incorporate it. It’s a tough question to answer, but it’s worth exploring. In this webinar, we will explore some of the issues that might arise when deciding whether or not to incorporate and what you can do to help make your decision easier.

Topics include:

There have been some changes to the taxation of pass-through entities, which include sole proprietorships, partnerships, limited liability companies (LLCs), and S corporations. One of these changes is that these entities are now able to deduct 20% of their qualified business income from the entity against their personal income. This can be advantageous for those who qualify as small business or self-employed individual who owns a qualifying entity. To help you decide if you should incorporate or keep your S corporation, we help you take a look at the advantages and disadvantages of each option. Sign up today to get started!

Business Owners: Should I incorporate? Should I keep my S corporation with the recent tax changes?

Let Palma Be Your Tax Partner and CFO You Need!

As a Certified Public Accountant (CPA), Personal Financial Specialist (PFS), and a Chartered Global Management Accountant (CGMA), I have the experience and knowledge to save as much money as possible from the government.

In my time with my business, I have helped my clients, just like you, minimize their taxes and look forward to a clear, focused, and well-planned financial future.

Using my decades of experience with the US tax system, I have identified ten significant mistakes filers make when doing their taxes on their own or even with other CPAs or financial professionals. These mistakes can be easily avoided or fixed, and the guide that I have created can help you navigate common pitfalls.

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