You would have to have an LLC or other legal entity in order to elect s-corp tax status. This is covered in more details in the workshop I mentioned www.amandarussell.mba/scorpmistakes
Thanks for sharing. is this true... The irs requires employees to report all tips received ? But won't allow organizations to report tips given to these employees as a type of expense or loss ?
Tips aren't deductible by the employer because they aren't an expense to the employer. What does an employees tips cost you as an employer? Nothing. They are paid by the customer. The employer does deduct their half of Social Security and Medicare tax that they need to pay on the employees tips.
I saw your videos on turbo tax home and businesses. Do you know if turbo tax home and business allows you to report capital gains tax? Eveything I have searched I can not find the answer.
@@businessfinancecoach I did check and there was nothing there. I'm a website developer. Pretty sure that your email form on website is not working. That means that you're losing business.
Hello Mem. I have seen your youtube channel very nice. Videos are not getting good views compared to your channel's subscribers. There is something wrong with your channel. Fixing these issues will hopefully help your videos rank better I am a professional digital marketer and SEO expert if you want I can solve your problem.I am wating for your reply.
Thank you so much for this information. Can you also do a video on C corp?
What about it?
Thank you for this video!
HOW DO I ORDER YOUR SPREADSHEETS FOR CALCULATING TAX SAVINGS FOR S CORPORATION AND OTHER USEFUL WORKSHEETS
What about LLC and S Corp at the same time?
You would have to have an LLC or other legal entity in order to elect s-corp tax status. This is covered in more details in the workshop I mentioned www.amandarussell.mba/scorpmistakes
Thanks for sharing.
is this true...
The irs requires employees to report all tips received ?
But won't allow organizations to report tips given to these employees as a type of expense or loss ?
Tips aren't deductible by the employer because they aren't an expense to the employer. What does an employees tips cost you as an employer? Nothing. They are paid by the customer. The employer does deduct their half of Social Security and Medicare tax that they need to pay on the employees tips.
I saw your videos on turbo tax home and businesses. Do you know if turbo tax home and business allows you to report capital gains tax? Eveything I have searched I can not find the answer.
yes it does. it's the highest personal version and includes everything
FYI - I signed up to download the Estimated Tax Calculator, but did not receive any email.
Check your spam.
@@businessfinancecoach I did check and there was nothing there. I'm a website developer. Pretty sure that your email form on website is not working. That means that you're losing business.
Hello Mem. I have seen your youtube channel very nice. Videos are not getting good views compared to your channel's subscribers. There is something wrong with your channel. Fixing these issues will hopefully help your videos rank better I am a professional digital marketer and SEO expert if you want I can solve your problem.I am wating for your reply.
I'm not doing anything wrong. I'm just not making many videos anymore and RUclips doesn't like that.