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

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