Should you Switch to An S Corp in 2025?

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  • Опубліковано 21 січ 2025

КОМЕНТАРІ • 9

  • @maritzaecd
    @maritzaecd 14 днів тому

    Thank you for taking the time to share your wisdom ❤!. (Again) . We are lucky to have you!.

    • @JamieTrull
      @JamieTrull  13 днів тому

      You got it Maritza! I'm here for you!!!

  • @ShuvoChowdhuryOvi
    @ShuvoChowdhuryOvi 10 днів тому +1

    Great video! You’ve done an excellent job explaining the key considerations for switching to an S Corp in 2025. It’s crucial for small business owners to weigh the pros and cons carefully, especially when it comes to tax benefits and avoiding double taxation. One thing I’d add is that while an S Corp can save on self-employment taxes, the eligibility requirements and potential increase in administrative costs should also be factored in. For those just starting out, it’s important to consult with a tax professional to ensure the transition aligns with long-term business goals. Looking forward to more insights like this!

    • @JamieTrull
      @JamieTrull  9 днів тому +1

      Yes, absolutely!

    • @ShuvoChowdhuryOvi
      @ShuvoChowdhuryOvi 8 днів тому

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  • @justinmirche
    @justinmirche 8 днів тому

    The way you clarified the pros and cons really helps demystify the decision-making process. I appreciate how you highlighted the importance of a reasonable salary - it’s a crucial detail many overlook. Thanks for the great content and the masterclass recommendation; I'll definitely check it out!

    • @JamieTrull
      @JamieTrull  День тому +1

      For sure! Don't sleep on your reasonable salary!

  • @AllegroBusinessSolutions
    @AllegroBusinessSolutions 12 днів тому

    I generally advise my clients to let me set them up as S corps. Since I’m doing their financials anyway, the additional payroll complexities aren’t a problem for the client and they can enjoy savings on distributions.

    • @JamieTrull
      @JamieTrull  9 днів тому

      Yes, definitely many factors to consider